Is Atkore International Stock a Good Investment?
Atkore International Investment Advice | ATKR |
- Examine Atkore International's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Atkore International's leadership team and their track record. Good management can help Atkore International navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Atkore International's business and its evolving consumer preferences.
- Compare Atkore International's performance and market position to its competitors. Analyze how Atkore International is positioned in terms of product offerings, innovation, and market share.
- Check if Atkore International pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Atkore International's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Atkore International Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Atkore International Group is a good investment.
Sell | Buy |
Strong Sell
Market Performance | Modest | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Almost neglects market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Atkore International Stock
Researching Atkore International's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Atkore International was presently reported as 42.91. The company has Price/Earnings To Growth (PEG) ratio of 1.39. Atkore International recorded earning per share (EPS) of 16.03. The entity last dividend was issued on the 20th of May 2024.
To determine if Atkore International is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Atkore International's research are outlined below:
| Over 99.0% of the company shares are held by institutions such as insurance companies | |
| Latest headline from finance.yahoo.com: Why Shares in This Value Stock Declined This Week |
Atkore International Quarterly Accounts Payable |
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Atkore International uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Atkore International Group. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Atkore International's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 1st of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 15th of November 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 30th of September 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Atkore International's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Atkore International's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2019-05-07 | 2019-03-31 | 0.75 | 0.83 | 0.08 | 10 | ||
2018-11-28 | 2018-09-30 | 0.71 | 0.79 | 0.08 | 11 | ||
2018-02-06 | 2017-12-31 | 0.35 | 0.46 | 0.11 | 31 | ||
2016-08-02 | 2016-06-30 | 0.31 | 0.42 | 0.11 | 35 | ||
2020-02-04 | 2019-12-31 | 0.82 | 0.94 | 0.12 | 14 | ||
2016-11-29 | 2016-09-30 | 0.36 | 0.24 | -0.12 | 33 | ||
2019-08-07 | 2019-06-30 | 0.91 | 1.04 | 0.13 | 14 | ||
2017-02-07 | 2016-12-31 | 0.23 | 0.36 | 0.13 | 56 |
Atkore International Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Atkore target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Atkore International's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 5 | Strong Buy |
Most Atkore analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Atkore stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Atkore International, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationAtkore International Target Price Projection
Atkore International's current and average target prices are 156.21 and 178.00, respectively. The current price of Atkore International is the price at which Atkore International Group is currently trading. On the other hand, Atkore International's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Atkore International Market Quote on 13th of May 2024
Target Price
Analyst Consensus On Atkore International Target Price
Atkore International Analyst Ratings
Atkore International's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Atkore International stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Atkore International's financials, market performance, and future outlook by experienced professionals. Atkore International's historical ratings below, therefore, can serve as a valuable tool for investors.Know Atkore International's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Atkore International is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Atkore International Group backward and forwards among themselves. Atkore International's institutional investor refers to the entity that pools money to purchase Atkore International's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Amvescap Plc. | 2023-12-31 | 786.6 K | Fuller & Thaler Asset Management Inc | 2023-12-31 | 725.8 K | Allspring Global Investments Holdings, Llc | 2023-12-31 | 629.4 K | Goldman Sachs Group Inc | 2023-12-31 | 600.9 K | Gw&k Investment Management, Llc | 2023-12-31 | 572.9 K | Zurcher Kantonalbank | 2023-12-31 | 564.4 K | Charles Schwab Investment Management Inc | 2023-12-31 | 558 K | Ameriprise Financial Inc | 2023-12-31 | 514.7 K | American Century Companies Inc | 2023-12-31 | 489.9 K | Blackrock Inc | 2023-12-31 | 4.5 M | Vanguard Group Inc | 2023-12-31 | 4.1 M |
Atkore International's market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 5.69 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Atkore International's market, we take the total number of its shares issued and multiply it by Atkore International's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Atkore International's profitablity analysis
Atkore International's profitability indicators refer to fundamental financial ratios that showcase Atkore International's ability to generate income relative to its revenue or operating costs. If, let's say, Atkore International is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Atkore International's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Atkore International's profitability requires more research than a typical breakdown of Atkore International's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.28 | 0.29 | |
| Return On Capital Employed | 0.34 | 0.36 | |
| Return On Assets | 0.21 | 0.22 | |
| Return On Equity | 0.42 | 0.26 |
Determining Atkore International's profitability involves analyzing its financial statements and using various financial metrics to determine if Atkore International is a good buy. For example, gross profit margin measures Atkore International's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Atkore International's profitability and make more informed investment decisions.
The data published in Atkore International's official financial statements usually reflect Atkore International's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Atkore International. For example, before you start analyzing numbers published by Atkore accountants, it's critical to develop an understanding of what Atkore International's liquidity, profitability, and earnings quality are in the context of the Electrical Equipment space in which it operates.
Please note, the presentation of Atkore International's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Atkore International's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Atkore International's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Atkore International Group. Please utilize our Beneish M Score to check the likelihood of Atkore International's management manipulating its earnings.
Evaluate Atkore International's management efficiency
Atkore International has return on total asset (ROA) of 0.1703 % which means that it generated a profit of $0.1703 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.425 %, meaning that it created $0.425 on every $100 dollars invested by stockholders. Atkore International's management efficiency ratios could be used to measure how well Atkore International manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Atkore International's Return On Tangible Assets are relatively stable compared to the past year. As of 05/13/2024, Return On Capital Employed is likely to grow to 0.36, while Return On Equity is likely to drop 0.26. At this time, Atkore International's Non Currrent Assets Other are relatively stable compared to the past year. As of 05/13/2024, Net Tangible Assets is likely to grow to about 920.9 M, while Non Current Assets Total are likely to drop slightly above 865.4 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 34.06 | 35.76 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 17.69 | 18.58 | |
| Enterprise Value Over EBITDA | 8.09 | 8.64 | |
| Price Book Value Ratio | 4.53 | 5.31 | |
| Enterprise Value Multiple | 8.09 | 8.64 | |
| Price Fair Value | 4.53 | 5.31 | |
| Enterprise Value | 0.00 | 0.00 |
The analysis of Atkore International's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Atkore International's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Atkore Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield 0.0082 | Forward Dividend Yield 0.0082 | Forward Dividend Rate 1.28 | Beta 2.185 |
Basic technical analysis of Atkore Stock
As of the 13th of May 2024, Atkore International shows the Risk Adjusted Performance of 0.0401, downside deviation of 3.74, and Mean Deviation of 1.98. Atkore International technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect data for nineteen technical drivers for Atkore International Group, which can be compared to its peers. Please confirm Atkore International information ratio, as well as the relationship between the potential upside and kurtosis to decide if Atkore International is priced correctly, providing market reflects its regular price of 156.21 per share. Given that Atkore International has jensen alpha of (0.02), we suggest you to validate Atkore International Group's prevailing market performance to make sure the company can sustain itself at a future point.Atkore International's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Atkore International insiders, such as employees or executives, is commonly permitted as long as it does not rely on Atkore International's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Atkore International insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Justin Kershaw over a month ago Disposition of 4126 shares by Justin Kershaw of Atkore International at 138.7793 subject to Rule 16b-3 | ||
Mark Lamps over a month ago Disposition of 367 shares by Mark Lamps of Atkore International at 132.29 subject to Rule 16b-3 | ||
William Waltz over a month ago Disposition of 361 shares by William Waltz of Atkore International subject to Rule 16b-3 | ||
John Pregenzer over two months ago Disposition of 6548 shares by John Pregenzer of Atkore International at 158.4948 subject to Rule 16b-3 | ||
John Williamson over six months ago Exercise or conversion by John Williamson of 104235 shares of Atkore International subject to Rule 16b-3 |
Atkore International's Outstanding Corporate Bonds
Atkore International issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Atkore International uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Atkore bonds can be classified according to their maturity, which is the date when Atkore International Group has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Understand Atkore International's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Atkore International's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0401 | |||
| Market Risk Adjusted Performance | 0.0739 | |||
| Mean Deviation | 1.98 | |||
| Semi Deviation | 3.43 | |||
| Downside Deviation | 3.74 | |||
| Coefficient Of Variation | 1909.11 | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.78 | |||
| Information Ratio | 0.0225 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0168 | |||
| Treynor Ratio | 0.0639 | |||
| Maximum Drawdown | 18.92 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.59 | |||
| Downside Variance | 14.0 | |||
| Semi Variance | 11.77 | |||
| Expected Short fall | (1.74) | |||
| Skewness | (1.62) | |||
| Kurtosis | 5.65 |
| Risk Adjusted Performance | 0.0401 | |||
| Market Risk Adjusted Performance | 0.0739 | |||
| Mean Deviation | 1.98 | |||
| Semi Deviation | 3.43 | |||
| Downside Deviation | 3.74 | |||
| Coefficient Of Variation | 1909.11 | |||
| Standard Deviation | 2.79 | |||
| Variance | 7.78 | |||
| Information Ratio | 0.0225 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.20) | |||
| Sortino Ratio | 0.0168 | |||
| Treynor Ratio | 0.0639 | |||
| Maximum Drawdown | 18.92 | |||
| Value At Risk | (4.36) | |||
| Potential Upside | 3.59 | |||
| Downside Variance | 14.0 | |||
| Semi Variance | 11.77 | |||
| Expected Short fall | (1.74) | |||
| Skewness | (1.62) | |||
| Kurtosis | 5.65 |
Consider Atkore International's intraday indicators
Atkore International intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Atkore International stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 0.051 | |||
| Daily Balance Of Power | (0.59) | |||
| Rate Of Daily Change | 0.97 | |||
| Day Median Price | 158.96 | |||
| Day Typical Price | 158.04 | |||
| Market Facilitation Index | 8.32 | |||
| Price Action Indicator | (5.21) | |||
| Period Momentum Indicator | (4.93) |
Atkore International Corporate Filings
10Q | 7th of May 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
F4 | 14th of March 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
13A | 13th of February 2024 An amended filing to the original Schedule 13G | ViewVerify |
8K | 31st of January 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Atkore Stock media impact
Far too much social signal, news, headlines, and media speculation about Atkore International that are available to investors today. That information is available publicly through Atkore media outlets and privately through word of mouth or via Atkore internal channels. However, regardless of the origin, that massive amount of Atkore data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Atkore International news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Atkore International relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Atkore International's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Atkore International alpha.
Atkore International Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Atkore International can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Atkore International Historical Investor Sentiment
Investor biases related to Atkore International's public news can be used to forecast risks associated with an investment in Atkore. The trend in average sentiment can be used to explain how an investor holding Atkore can time the market purely based on public headlines and social activities around Atkore International Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Atkore International's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Atkore International and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Atkore International news discussions. The higher the estimate score, the more favorable the investor's outlook on Atkore International.
Atkore International Maximum Pain Price across 2024-05-17 Option Contracts
Atkore International's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Atkore International close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Atkore International's options.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Atkore International without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Atkore International Corporate Directors
Atkore International corporate directors refer to members of an Atkore International board of directors. The board of directors generally takes responsibility for the Atkore International's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Atkore International's board members must vote for the resolution. The Atkore International board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Scott Muse | Independent Director | Profile | |
| Wilbert James | Independent Director | Profile | |
| Betty Johnson | Independent Director | Profile | |
| Justin Kershaw | Independent Director | Profile |
How to buy Atkore Stock?
To provide specific investment advice or recommendations on Atkore International Group stock, we recommend investors consider the following general factors when evaluating Atkore International Group. This will help you to make an informed decision on whether to include Atkore International in one of your diversified portfolios:- Examine Atkore International's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Atkore International's leadership team and their track record. Good management can help Atkore International navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Electrical Components & Equipment space and any emerging trends that could impact Atkore International's business and its evolving consumer preferences.
- Compare Atkore International's performance and market position to its competitors. Analyze how Atkore International is positioned in terms of product offerings, innovation, and market share.
- Check if Atkore International pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Atkore International's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Atkore International Group stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Atkore International Group is a good investment.
Already Invested in Atkore International Group?
The danger of trading Atkore International Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Atkore International is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Atkore International. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Atkore International is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Atkore International is a strong investment it is important to analyze Atkore International's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Atkore International's future performance. For an informed investment choice regarding Atkore Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atkore International Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Atkore Stock analysis
When running Atkore International's price analysis, check to measure Atkore International's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Atkore International is operating at the current time. Most of Atkore International's value examination focuses on studying past and present price action to predict the probability of Atkore International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Atkore International's price. Additionally, you may evaluate how the addition of Atkore International to your portfolios can decrease your overall portfolio volatility.
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Is Atkore International's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atkore International. If investors know Atkore will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atkore International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.15) | Dividend Share 0.32 | Earnings Share 16.03 | Revenue Per Share 90.228 | Quarterly Revenue Growth (0.12) |
The market value of Atkore International is measured differently than its book value, which is the value of Atkore that is recorded on the company's balance sheet. Investors also form their own opinion of Atkore International's value that differs from its market value or its book value, called intrinsic value, which is Atkore International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atkore International's market value can be influenced by many factors that don't directly affect Atkore International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Atkore International's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Atkore International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.