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

Key Points

• Wells Fargo cut ATI’s price target from $275 to $240 while maintaining an “overweight” rating, implying approximately 27.18% upside from the reported share price.
• ATI’s analyst consensus remains favorable at a “Buy” rating, with a consensus target of $227.62; recent firms including KeyCorp and TD Cowen raised their price targets.
• ATI reported quarterly EPS of $1.23, beating estimates of $1.03, while revenue rose 10.6% year over year to $1.26 billion. However, insiders sold approximately $31.4 million of stock during the last quarter.

ATI (NYSE:ATI - Get Free Report) had its price target cut by research analysts at Wells Fargo & Company from $275.00 to $240.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an "overweight" rating on the basic materials company's stock. Wells Fargo & Company's price objective would suggest a potential upside of 27.18% from the company's current price.

Other equities research analysts also recently issued research reports about the company. KeyCorp raised their price target on ATI from $211.00 to $258.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $262.00 price objective on shares of ATI in a report on Monday, August 10th. Weiss Ratings lowered shares of ATI from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. TD Cowen raised their target price 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. Finally, Zacks Research raised shares of ATI from a "hold" rating to a "strong-buy" rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $227.62.

ATI Stock Performance

ATI stock traded down $0.24 during midday trading on Wednesday, reaching $188.71. 175,386 shares of the company's stock were exchanged, compared to its average volume of 1,852,485. The stock's 50-day simple moving average is $202.98 and its 200 day simple moving average is $181.09. The firm has a market cap of $25.70 billion, a price-to-earnings ratio of 55.33, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.14 and a current ratio of 2.33. ATI has a 52 week low of $79.29 and a 52 week high of $243.57.

ATI (NYSE:ATI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.20. ATI had a return on equity of 29.27% and a net margin of 10.09%.The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the prior year, the company earned $0.74 earnings per share. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. 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, analysts expect that ATI will post 5.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director David J. Morehouse sold 2,485 shares of the firm's 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 transaction, the director directly owned 35,826 shares of the company's stock, valued at approximately $7,222,879.86. This trade represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Timothy J. Harris sold 9,000 shares of ATI stock in a transaction that occurred 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 owned 88,187 shares of the company's stock, valued at approximately $16,916,030.34. The trade was a 9.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 157,587 shares of company stock worth $31,428,031 in the last quarter. 0.98% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ATI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ATI. CoreCap Advisors LLC bought a new position in shares of ATI in the second quarter worth $30,000. Signature Equity Partners LLC raised its position in shares of ATI by 208.5% in the 1st quarter. Signature Equity Partners LLC now owns 182 shares of the basic materials company's stock valued at $26,000 after buying an additional 123 shares in the last quarter. Triumph Capital Management raised its position in shares of ATI by 22.4% in the 2nd quarter. Triumph Capital Management now owns 317 shares of the basic materials company's stock valued at $62,000 after buying an additional 58 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of ATI during the 2nd quarter worth approximately $73,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of ATI during the 2nd quarter worth approximately $77,000.

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.

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