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.
Several price targets were given for ATKR by the analysts covering the stock. The maximum price target given was 30, implying potential capital gains of 42.72 percent. The minimum price target given was 26, implying a possible loss 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. That number becomes -14.86 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. If we look at the last 90 days instead, we find a net average change of -5.26 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
ATKR has an estimated earnings growth rate of 33.62 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. 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.
ATKR has traded between a high of 27.30 and a low of 14.17 over the past year. The current market price is above the trailing year's low by 48.34 percent, and 23 percent below the 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 market cap of ATKR is $1.35 billion. ATKR's next earnings release will be on 0000-00-00, which is days away.