Atkore Inc [ATKR] stock is trading at $104.45, up 14.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The ATKR shares have gain 22.15% over the last week, with a monthly amount glided 23.68%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Atkore Inc [NYSE: ATKR] stock has seen the most recent analyst activity on August 07, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform and also revised its price target to $100 from $175. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on July 10, 2024, and set its price target to $175. On December 13, 2022, B. Riley Securities initiated with a Buy rating and assigned a price target of $146 on the stock. Loop Capital started tracking the stock assigning a Buy rating and suggested a price target of $110 on October 19, 2022. CJS Securities initiated its recommendation with a Market Outperform and recommended $90 as its price target on March 18, 2021. Credit Suisse upgraded its rating to Outperform for this stock on January 04, 2021, but kept the price target unchanged to $54. In a note dated November 25, 2020, RBC Capital Mkts upgraded an Outperform rating on this stock and boosted its target price from $39 to $46.
Atkore Inc [ATKR] stock has fluctuated between $80.11 and $194.98 over the past year. Currently, Wall Street analysts expect the stock to reach $126.8 within the next 12 months. Atkore Inc [NYSE: ATKR] shares were valued at $104.45 at the most recent close of the market. An investor can expect a potential return of 21.4% based on the average ATKR price forecast.
Analyzing the ATKR fundamentals
Atkore Inc [NYSE:ATKR] reported sales of 3.28B for the trailing twelve months, which represents a drop of -10.53%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.22%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.35 and Total Capital is 0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.5.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 98.34 points at the first support level, and at 92.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 107.75, and for the 2nd resistance point, it is at 111.05.
Ratios To Look Out For
For context, Atkore Inc’s Current Ratio is 3.26. On the other hand, the Quick Ratio is 2.03, and the Cash Ratio is 0.65. Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 7.34.
Transactions by insiders
Recent insider trading involved DAVID P JOHNSON, Former Officer, that happened on Sep 23 ’24 when 10264.0 shares were purchased. Former Officer, DAVID P JOHNSON completed a deal on Sep 04 ’24 to buy 9566.0 shares. Meanwhile, Former Officer DAVID P JOHNSON bought 2000.0 shares on Sep 03 ’24.
