Home Analyst Ratings Atkore International Group Inc. Stock Gets an Upgrade from Credit Suisse....

Atkore International Group Inc. [ATKR] Stock Gets an Upgrade from Credit Suisse. It’s Now an Outperform

Credit Suisse took its Atkore International Group Inc. [NYSE:ATKR]‎‎ rating to the equivalent of ‎Outperform from Neutral, ‎and the price target to $54, ‎in a research note dated January 4, 2021. That ‎figure represents around a 31.35% premium ‎from ‎where the company’s shares closed on Thursday.‎ ‎Other analysts also revised their coverage, with RBC Capital Mkts’s analysts ‎upgrading the shares from ‎‎”a Sector perform” rating to “an Outperform” rating in a research note to ‎investors issued in late ‎November. Meanwhile, RBC Capital Mkts had lowered its rating on ATKR to ‎‎”Sector perform” from the ‎earlier “an Outperform”, in a research note produced for clients March 26, ‎‎2020. In addition, there was ‎a downgrade from Citigroup on September 07, 2018. The rater changed ‎ATKR from “a Buy” to “a ‎Neutral”.

Get the hottest stocks to trade every ‎day before the market ‎opens 100% free. Click here now. ‎‎

Is Atkore International Group Inc. ‎‎[NYSE:ATKR] a Good Buy Right Now?

It should be noted ‎that ATKR technical indicators for short, ‎intermediate as well as long term progress have placed an ‎overall average of 88% as Buy. The average ‎signal changed from 88% Buy in the last week and ‎compares with 56% Buy in the past month. Data ‎from Atkore International Group Inc.’s Trend Spotter ‎indicated that the signals were Weakening. The ‎stock current average is 0.44 million shares in the past ‎‎20 days and the short term average signal ‎indicates a 50% Buy. In the last 50 days, the average trading ‎volume was 0.51 million shares while the ‎medium term average advocated for 100% Buy. The average ‎long-term signal stands at 100% Buy and ‎the 100-day average volume stands at 0.42 million shares.‎‎

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

ATKR Price Performance

On Wall ‎Street, Atkore International Group Inc. [NYSE:ATKR] ‎finished Thursday’s session down -0.22% at ‎‎$41.11. The stock went up to $41.67 at the same session ‎while its lowest single day price was $40.40. In ‎the last five days, it saw a rise of about 1.68%, Atkore ‎International Group Inc. shares gained by almost ‎‎1.61% since the beginning of the year. However, the ‎share price has dropped to as low as -8.62% ‎below its one year high. On 12/16/20, the company shares ‎recorded $44.99, the highest single-day ‎price it has got to in the last 52-weeks and a 52-week low was ‎seen on 03/19/20, the same year at ‎‎$10.85. The company’s shares have inclined by 1.98% in the past ‎year. The 50-day SMA achieved is ‎‎$33.72 while the 200-day SMA is $27.43. Volume gained to 0.21 ‎million from 0.16 million in the previous ‎session.‎‎

Atkore International Group Inc. [ATKR] Valuation Measures

Notably, Atkore ‎International ‎Group Inc. [ATKR] stock can be classified as a good candidate in the listing of ‎underestimated low-‎priced Specialty Industrial Machinery companies to purchase soonest possible ‎with the prevailing 12-‎month PE ratio of 13.23. The measure means the stock is exchanging at a ‎discount as compared to the ‎‎25.81x trailing earnings of the industry. It can be helpful for investors to ‎consider historical price-sales ‎ratio, more specifically, a 1.11 PS value ratio is reported for the last one ‎year of reported earnings. That ‎is lower than the industry average of 1.35 which means ATKR serve an ‎attractive investment ‎opportunity compared to its competitors.‎‎

ATKR Stock Support And ‎Resistance Levels

On the 24-hour scale, the immediate backing is ‎perceived around 40.45 level, ‎and in case of violation of this particular level, it will cause more drop to ‎‎39.79 level. On the upper level, ‎‎42.33 is still the key resistance. The stock may increase to the ‎subsequent resistance at 41.72. The ‎Relative Strength Index (RSI) pinned on the 14-day chart is 59.15, ‎implying a neutral technical stance ‎while the MACD stands at -1.11, meaning price will decrease in the ‎next trading period. Percent R ‎indicator moved to 72.66%, implying bearish price movement. ‎Stochastic %K at 21.60% suggest selling ‎the stock.‎‎

What is the short interest in Atkore International Group Inc.?

Short interest in the ‎Atkore ‎International Group Inc. stock has surged, increasing by 0.2 million shares to total 0.71 million ‎shares on ‎Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.91 million, data from ‎Yahoo ‎Finance shows. The decrease of -27.69% suggests the stock saw some decreased bullish ‎sentiment. ‎The stock’s days to cover (short ratio) moved to while the shorted shares account for just ‎‎1.70% of the ‎overall float for the stock.‎‎

Atkore International Group Inc.’s Biggest Shareholders: ‎Who Owns Atkore International Group ‎Inc. [ATKR]?

Filings by The Vanguard Group, Inc. showed ‎that the firm now holds a total of ‎‎4,864,334 shares or roughly 10.26% of the outstanding ATKR shares. ‎This means their shares have ‎reduced by -239,431 from the 4,864,334 the investor reportedly held in ‎its prior 13-F filing. With the ‎conclusion of the sale, Fidelity Management & Research Co updated stake ‎is worth $146,257,521. ‎Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off ‎their -3.24% stake ‎valued at $119,470,192 while Wells Capital Management, Inc. added theirs at ‎‎$100,740,458. During the ‎last quarter, BlackRock Fund Advisors liquidated -102,519 of its shares in ‎Atkore International Group ‎Inc. while Wells Capital Management, Inc. bought 199,446 shares. The LSV ‎Asset Management’s ‎holdings currently number 2,190,104 shares at $90035175.44. According to the ‎firm’s last 13F report, ‎Macquarie Investment Management B shares in the company at filing stood at ‎‎2,124,971 shares, ‎roughly $82,831,370.‎‎

ATKR Earnings Forecast For The Current ‎Quarter

Atkore International Group Inc. [ATKR] is ‎expected to report strong earnings results for ‎the quarter ending on Dec 2020. Consensus estimates ‎give the company expected revenues of ‎‎$457.06M and an earnings per share of $1.21 for Dec 2020. ‎Looking further ahead, the company is ‎expected to report revenue of $470.95M at an EPS of $0.98 for ‎Mar 2021. ‎‎

Get the hottest stocks to trade every day before the market ‎opens 100% ‎free. Click here now. 

ATKR Earnings Estimates For The ‎Current ‎Year

For the financial year, Atkore International Group Inc. [NYSE:ATKR] is expected to ‎bring in ‎revenue of $1.85B. The returns are nearly $80.0 million higher than the company’s actual ‎revenue ‎recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 4.12, higher ‎than that of ‎FY20 by $0.34. Estimates put this year’s earnings growth at 9.00%, 7.30% for the next, and ‎at an annual ‎‎1.40% over the next 5-year period. As for sales, forecasts are for an increase of 4.80% in ‎the current ‎fiscal year and a further 3.90% over the following year.‎

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Ocugen Inc. (NASDAQ:OCGN) stock plunged in the premarket trading session; here’s why

At last check Ocugen Inc. (OCGN) stock had plunged by-11.92% to $9.61 in premarket trading session. OCGN stock previously closed at $10.91 losing -12.79%....

KeyBanc reiterates Magna International [MGA] rating to Overweight and sets new price target at $86

KeyBanc maintained its Magna International rating to the equivalent of Overweight but changed the price target to $86.0 from $72, in a research...

Jefferies upgrades Medifast [MED] to Buy rating with a $265 price target

Jefferies took its Medifast rating to the equivalent of Buy from Hold, and the price target to $265.0 from $205, in a research...

American Eagle Outfitters [AEO] Upgraded to Outperform at RBC Capital

RBC Capital took its American Eagle Outfitters rating to the equivalent of Outperform from Sector Perform, and the price target to $30.0 from...

KeyBanc reiterates Nike [NKE] rating to Overweight and sets new price target at $180

KeyBanc maintained its Nike rating to the equivalent of Overweight but changed the price target to $180.0 from $174, in a research note...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam