Last Updated: 14 Nov 2024
Executive Summary
Atkore International Group Inc. (ATKR) is a leading manufacturer and distributor of electrical conduit products and mechanical products and solutions. The company has a strong market position and has been growing its revenue and earnings in recent years. ATKR's stock is currently trading at $92.48, which is below its 52-week high of $193.93. The company's fundamentals are strong, and analysts are bullish on its long-term prospects.
Company Overview
Atkore International Group Inc. is headquartered in Harvey, Illinois. The company has a global presence with operations in over 100 countries. ATKR's products are used in a variety of applications, including commercial, industrial, and residential construction. The company's customers include electrical contractors, distributors, and end users.
Fundamental Analysis
ATKR's financial performance has been strong in recent years. The company's revenue has grown from $2.6 billion in 2019 to $3.3 billion in 2023. ATKR's earnings per share have also grown from $8.08 in 2019 to $14.26 in 2023. The company's gross profit margin has remained stable at around 40%. ATKR's operating margin has also remained stable at around 20%. The company's return on assets and return on equity are both above industry averages.
Technical Analysis
ATKR's stock price has been trending higher in recent years. The stock price is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also above 50, which indicates that the stock is in a bullish trend.
Short Term Outlook
ATKR's stock price is expected to continue to trend higher in the short term. The company's fundamentals are strong, and analysts are bullish on its long-term prospects. The stock's technical analysis also suggests that it is in a bullish trend.
Long Term Outlook
ATKR is a well-positioned company with a strong track record of growth. The company's products are in high demand, and its global presence gives it a competitive advantage. ATKR is expected to continue to grow its revenue and earnings in the long term.
Analyst Recommendations
Analysts are bullish on ATKR's long-term prospects. The consensus analyst rating for the stock is "Buy." The average analyst target price for the stock is $119.17.
