Wells Fargo & Company Cuts ATI (NYSE:ATI) Price Target to $240.00

ATI (NYSE:ATI) had its price target lowered by Wells Fargo & Company from $275.00 to $240.00 in a research note released on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the basic materials company’s stock.

A number of other research analysts have also issued reports on ATI. Susquehanna upped their price target on shares of ATI from $215.00 to $265.00 and gave the company a “positive” rating in a research note on Friday, August 7th. TD Cowen lifted their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. Zacks Research raised shares of ATI from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Wall Street Zen raised ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $262.00 target price on shares of ATI in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, ATI currently has an average rating of “Buy” and a consensus target price of $227.62.

ATI Price Performance

Shares of ATI stock opened at $192.32 on Wednesday. ATI has a fifty-two week low of $79.29 and a fifty-two week high of $243.57. The firm has a market capitalization of $26.19 billion, a price-to-earnings ratio of 56.40, a PEG ratio of 1.16 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. The stock’s 50-day simple moving average is $202.58 and its 200-day simple moving average is $181.81.

ATI (NYSE:ATI) last announced its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 EPS for the quarter, beating the consensus estimate of $1.03 by $0.20. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.22 billion. ATI had a net margin of 10.09% and a return on equity of 29.27%. ATI’s revenue was up 10.6% on a year-over-year basis. During the same period last year, the firm posted $0.74 EPS. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. As a group, equities analysts forecast that ATI will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling at ATI

In other ATI news, Director David Morehouse sold 2,485 shares of ATI stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $201.61, for a total transaction of $501,000.85. Following the completion of the sale, the director directly owned 35,826 shares in the company, valued at approximately $7,222,879.86. The trade was a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Timothy Harris sold 9,000 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $191.82, for a total transaction of $1,726,380.00. Following the completion of the sale, the vice president directly owned 88,187 shares in the company, valued at $16,916,030.34. This trade represents a 9.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 157,587 shares of company stock worth $31,428,031. Company insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATI. Precision Wealth Strategies LLC purchased a new stake in shares of ATI in the first quarter worth about $1,009,000. Bank of Nova Scotia grew its holdings in ATI by 92.9% during the first quarter. Bank of Nova Scotia now owns 467,149 shares of the basic materials company’s stock worth $67,951,000 after acquiring an additional 224,949 shares during the period. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in ATI during the second quarter valued at approximately $129,773,000. Illinois Municipal Retirement Fund purchased a new position in ATI during the first quarter valued at approximately $1,106,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in ATI during the first quarter valued at approximately $4,599,000.

About ATI

ATI Inc (NYSE: ATI) is a specialty materials and components manufacturer serving the aerospace and defense, energy, medical, and industrial markets. The company develops and produces technically demanding materials and engineered components designed for applications that require high strength, heat resistance, corrosion resistance, or reduced weight.

ATI’s products include nickel-based superalloys, titanium and titanium-based materials, specialty steels, cobalt- and zirconium-based alloys, and other advanced materials.