Analyst Ratings for Atkore International Group Inc. (ATKR)Updated: 2017-07-28
Analysts covering Atkore International Group Inc. (NYSE:ATKR) have given it a consensus rating of Overweight. ATKR had previously received a consensus rating of Overweight a month ago.
7 analysts issued ratings on the stock, where 5 gave ATKR a buy rating, 0 gave an overweight rating, 2 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
ATKR was given price targets by several analysts. The highest price target was 30, implying potential capital gains of 42.72 percent. The most pessimistic analyst gave a price target of 26, implying potential capital losses of 23.69 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates upwards for this quarter, by about 0 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -14.86 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -5.26 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of ATKR's earnings is estimated by analysts to be 33.62 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. ATKR has a PEG ratio of 0.56.
In the trailing 52-weeks, ATKR hit 27.30 at the highest peak, while it's lowest trading point was 14.17. Today's price is 48.34 percent above the 52-week low, and 23 percent lower than its 52-week high. ATKR has a price/earnings ratio of 18.96. Investors typically compare the P/E ratio to a company's peers in the industry. The ATKR value stock report compares ATKR to some of its peers using value stock charts. The stock has a market capitalization of $1.35 billion. ATKR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.