ATI (NYSE:ATI) Stock Price Target Cut by Wells Fargo & Company

ATI (NYSE:ATI) had its price objective cut by equities researchers at Wells Fargo & Company from $275.00 to $240.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 27.18% from the company’s previous close.

A number of other research firms also recently weighed in on ATI. BTIG Research raised their price target on shares of ATI from $180.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 7th. TD Cowen upped their price objective on shares of ATI from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Susquehanna increased their price objective 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. Wall Street Zen upgraded shares of ATI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings cut shares of ATI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $227.62.

ATI Price Performance

Shares of ATI stock traded down $0.24 on Wednesday, hitting $188.71. 175,386 shares of the company’s stock were exchanged, compared to its average volume of 1,852,485. The company has a 50 day moving average of $202.98 and a 200 day moving average of $181.09. The stock has a market cap of $25.70 billion, a P/E ratio of 55.33, a price-to-earnings-growth ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.33 and a quick ratio of 1.14. ATI has a 12 month low of $79.29 and a 12 month high of $243.57.

ATI (NYSE:ATI) last released its earnings results on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.20. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.22 billion. ATI had a return on equity of 29.27% and a net margin of 10.09%.The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.74 earnings per share. ATI has set its Q3 2026 guidance at 1.310-1.370 EPS and its FY 2026 guidance at 4.900-5.180 EPS. On average, equities research analysts predict that ATI will post 5.11 EPS for the current year.

Insider Transactions at ATI

In related news, VP Timothy J. Harris sold 16,500 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $210.01, for a total transaction of $3,465,165.00. Following the completion of the transaction, the vice president directly owned 130,187 shares of the company’s stock, valued at $27,340,571.87. This trade represents a 11.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David J. Morehouse sold 2,485 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $201.61, for a total value of $501,000.85. Following the transaction, the director directly owned 35,826 shares of the company’s stock, valued at approximately $7,222,879.86. This represents a 6.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 157,587 shares of company stock worth $31,428,031. Company insiders own 0.98% of the company’s stock.

Institutional Investors Weigh In On ATI

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of ATI during the second quarter worth about $3,687,529,000. Capital Research Global Investors increased its position in ATI by 12.0% during the 4th quarter. Capital Research Global Investors now owns 3,611,724 shares of the basic materials company’s stock valued at $414,481,000 after purchasing an additional 386,754 shares during the period. Bank of America Corp DE acquired a new stake in ATI during the 2nd quarter valued at approximately $348,285,000. Norges Bank acquired a new stake in ATI during the 4th quarter valued at approximately $198,787,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in ATI by 231.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,203,726 shares of the basic materials company’s stock worth $175,094,000 after purchasing an additional 840,455 shares during the last quarter.

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.