ATI (NYSE:ATI) Downgraded by Zacks Research to “Hold”

ATI (NYSE:ATI) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on ATI. Wall Street Zen cut shares of ATI from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. BTIG Research increased their target price on shares of ATI from $120.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Alembic Global Advisors assumed coverage on shares of ATI in a report on Thursday, January 15th. They issued an “overweight” rating and a $141.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of ATI from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ATI in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $138.56.

ATI Trading Up 5.9%

Shares of ATI stock opened at $155.94 on Tuesday. ATI has a 12-month low of $41.43 and a 12-month high of $168.14. The company has a current ratio of 2.66, a quick ratio of 1.27 and a debt-to-equity ratio of 0.90. The stock has a market cap of $21.28 billion, a PE ratio of 54.91, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00. The company has a 50-day moving average of $146.53 and a two-hundred day moving average of $117.35.

ATI (NYSE:ATI) last issued its earnings results on Tuesday, February 3rd. The basic materials company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. ATI had a net margin of 8.81% and a return on equity of 24.26%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the company posted $0.79 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. ATI has set its FY 2026 guidance at 3.990-4.270 EPS and its Q1 2026 guidance at 0.830-0.890 EPS. On average, research analysts anticipate that ATI will post 2.89 EPS for the current fiscal year.

ATI announced that its Board of Directors has initiated a share buyback program on Thursday, February 19th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the basic materials company to reacquire up to 2.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Insider Transactions at ATI

In related news, Director David J. Morehouse sold 6,609 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $154.25, for a total transaction of $1,019,438.25. Following the sale, the director owned 38,168 shares in the company, valued at approximately $5,887,414. This trade represents a 14.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

Institutional Trading of ATI

A number of hedge funds have recently bought and sold shares of the company. Lido Advisors LLC boosted its position in ATI by 2.7% during the third quarter. Lido Advisors LLC now owns 3,784 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 101 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in ATI by 2.4% during the third quarter. Sequoia Financial Advisors LLC now owns 4,424 shares of the basic materials company’s stock worth $360,000 after acquiring an additional 102 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in ATI by 12.1% during the third quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 118 shares during the last quarter. Activest Wealth Management boosted its position in ATI by 17.6% during the fourth quarter. Activest Wealth Management now owns 834 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 125 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its position in ATI by 2.0% during the fourth quarter. D.A. Davidson & CO. now owns 7,202 shares of the basic materials company’s stock worth $827,000 after acquiring an additional 140 shares during the last quarter.

ATI Company Profile

Allegheny Technologies Incorporated (ATI) is a global manufacturer of specialty materials and complex components, serving aerospace, defense, oil and gas, chemical processing, medical and other industrial end markets. The company operates through two main segments: High Performance Materials & Components, which produces titanium and nickel-based alloys, stainless and specialty steels, and precision forgings; and Flat-Rolled Products, which supplies stainless steel, nickel and specialty alloy sheet, strip and precision-rolled plate.