Atkore Stock Buy Hold or Sell Recommendation

ATKR -  USA Stock  

USD 71.25  0.66  0.92%

Given the investment horizon of 90 days and complete risk avoidance on your part, our recommendation regarding Atkore Inc is 'Hold'. Macroaxis provides Atkore buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding Atkore positions. The advice algorithm takes into account all of Atkore's available fundamental, technical, and predictive indicators you will find on this site.

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The advice is provided from Atkore's buy-and-hold perspective. Please continue to Atkore Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Atkore and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Atkore Inc.

Execute Atkore Buy or Sell Advice

The Atkore recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Atkore Inc. Macroaxis does not own or have any residual interests in Atkore Inc or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Atkore's advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell AtkoreBuy Atkore
Hold

Volatility

Very steadyDetails

Hype Condition

Low keyDetails

Current Valuation

OvervaluedDetails

Odds of Distress

Below AverageDetails

Economic Sensitivity

Hyperactively responds to market trendsDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Unlikely ManipulatorDetails
For the selected time horizon Atkore Inc has a Risk Adjusted Performance of (0.016413), Jensen Alpha of (0.17), Total Risk Alpha of (0.20) and Treynor Ratio of (0.039338)
Macroaxis provides unbiased investment recommendation on Atkore Inc that should be used to complement current analysts and expert consensus on Atkore Inc. Our trade advice engine determines the company's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. To make sure Atkore is not overpriced, please confirm all Atkore Inc fundamentals, including its total debt, market capitalization, and the relationship between the gross profit and short ratio . Given that Atkore Inc has a number of shares shorted of 855.69 K, we suggest you to validate Atkore Inc market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Atkore Trading Alerts and Improvement Suggestions

Atkore Inc generates negative expected return over the last 90 days
Over 100.0% of the company shares are held by institutions such as insurance companies
Latest headline from markets.businessinsider.com: Atkore International, Inc. -- Moodys announces completion of a periodic review of ratings of Atkore Inc. - Markets Insider

Atkore current analysts advice

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Atkore analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Atkore analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target Mean Price91.00
Target Median Price90.00
Target High Price97.00
Recommendation Mean2.20
Number Of Analyst Opinions4
Target Low Price87.00
Average Consensus Buy
The consensus estimates and target price estimation comprises individual analyst assessments, and may or may not mutch the Macroaxis buy or sell advice. It is determined by taking an average of all analyst recommendations and classifying them as Strong Buy, Buy, Hold, or Sell.

Atkore Returns Distribution Density

The distribution of Atkore's historical returns is an attempt to chart the future uncertainty of Atkore's future price movements. The chart of the probability distribution of Atkore stock daily returns describes the distribution of returns around its average expected value. We use Atkore Inc price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Atkore returns is essential to provide solid investment advice for Atkore stock.
Mean Return-0.07Value At Risk-4.02
Potential Upside3.24Standard Deviation2.36
 Return Density 
      Distribution 
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Atkore historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Atkore Cash Flow Accounts

201620172018201920202021 (projected)
Capital Expenditure(25.02 M)(38.15 M)(34.78 M)(29.85 M)(26.86 M)(28.99 M)
Depreciation Amortization and Accretion54.73 M66.89 M72.35 M89.27 M102.66 M90.57 M
Net Cash Flow or Change in Cash and Cash Equivalents(154.56 M)80.94 M(3.25 M)161.06 M185.21 M199.84 M
Net Cash Flow Business Acquisitions and Disposals2.4 M(180.9 M)39.16 M(98 M)(112.7 M)(121.6 M)
Issuance Purchase of Equity Shares(1.77 M)(391.67 M)(17.05 M)(17.98 M)(16.18 M)(17.46 M)
Issuance Repayment of Debt Securities(65.92 M)325.89 M(60.98 M)(43.2 M)(38.88 M)(39.91 M)
Net Cash Flow from Financing(67.76 M)(65.93 M)(78.18 M)(61.18 M)(55.06 M)(59.41 M)
Net Cash Flow from Investing(205.83 M)2.51 M(133.1 M)(27.51 M)(24.76 M)(26.72 M)
Net Cash Flow from Operations121.65 M145.7 M209.69 M248.76 M286.08 M233.45 M
Effect of Exchange Rate Changes on Cash(2.62 M)(1.34 M)(1.66 M)986 K1.13 M1.22 M
Share Based Compensation12.79 M14.66 M11.8 M13.06 M15.02 M14.97 M

Atkore Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Atkore or Industrials sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Atkore stock's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Atkore stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
-0.17
β
Beta against DOW2.16
σ
Overall volatility
2.39
Ir
Information ratio -0.05

Atkore Volatility Alert

Atkore Inc exhibits very low volatility with skewness of 0.16 and kurtosis of 0.17. However, we advise investors to further study Atkore Inc technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Atkore's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Atkore's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Atkore Fundamentals Vs Peers

Comparing Atkore's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Atkore's direct or indirect competition across all of the common fundamentals between Atkore and the related equities. This way, we can detect undervalued stocks with similar characteristics as Atkore or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Atkore's fundamental indicators could also be used in its relative valuation, which is a method of valuing Atkore by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Atkore to competition
FundamentalsAtkorePeer Average
Return On Equity66.62 %(0.31) %
Return On Asset15.72 %(0.14) %
Profit Margin14.32 %(1.27) %
Operating Margin24.14 %(5.51) %
Current Valuation3.81 B16.62 B
Shares Outstanding46.98 M571.82 M
Shares Owned by Insiders0.93 %10.09 %
Shares Owned by Institutions99.68 %39.21 %
Number of Shares Shorted855.69 K4.71 M
Price to Earning12.13 X28.72 X
Price to Book5.92 X9.51 X
Price to Sales1.68 X11.42 X
Revenue2.01 B9.43 B
Gross Profit491.31 M27.38 B
EBITDA485.98 M3.9 B
Net Income282.59 M570.98 M
Cash and Equivalents304.47 M2.7 B
Cash per Share6.48 X5.01 X
Total Debt800.98 M5.32 B
Debt to Equity1.40 %48.70 %
Current Ratio3.12 X2.16 X
Book Value Per Share12.14 X1.93 K
Cash Flow from Operations352.72 M971.22 M
Short Ratio1.59 X4.00 X
Earnings Per Share5.92 X3.12 X
Price to Earnings To Growth0.37 X4.89 X
Number of Employees3.26 K18.84 K
Beta2.47-0.15
Market Capitalization3.38 B19.03 B
Total Asset1.16 B29.47 B
Retained Earnings(194.6 M)9.33 B
Working Capital378.1 M1.48 B
Current Asset582.92 M9.34 B
   Payment of 619 shares by LeAngela Lowe of Atkore subject to Rule 16b-3 [view details]

About Atkore Buy or Sell Advice

When is the right time to buy or sell Atkore Inc? Buying financial instruments such as Atkore Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the stock market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Although Atkore investors may find it confusing at the beginning, most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2018 2019 2020 2021 (projected)
Receivables315.35 M298.24 M268.42 M241.64 M
Inventories226.09 M199.09 M228.96 M240.25 M

Use Investing Ideas to Build Portfolios

In addition to having Atkore in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Real Estate Thematic Idea Now

Real Estate
Real Estate Theme
Publicly traded companies that are involved in real estate development, property maintenance and management of real estate investment trusts (REIT) funds. Real Estate theme has 30 constituents.
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Please continue to Atkore Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Atkore Inc information on this page should be used as a complementary analysis to other Atkore's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

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The market value of Atkore Inc 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's value that differs from its market value or its book value, called intrinsic value, which is Atkore'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's market value can be influenced by many factors that don't directly affect Atkore Inc underlying business (such as pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atkore's value and its price as these two are different measures arrived at by different means. Investors typically determine Atkore value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atkore'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.