Atkore (ATKR-N)
NYSE:ATKR
63.93
0.57
(0.88%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Atkore (ATKR) has recently been under pressure, with a year-to-date decline exceeding 40%, raising concerns among investors regarding its performance in the AI-related infrastructure sector. Despite these challenges, experts highlight the company's strong fundamentals, evidenced by a manageable net debt level and a solid EBIT/Interest Expense ratio, indicating a healthy cash flow generation. The current quarterly results, which fell short of expectations, coupled with a cautious outlook for FY2025, are likely to dampen investor sentiment in the near term. However, there is still potential upside as the stock trades at a relatively low price-to-earnings ratio, suggesting it may be undervalued compared to its peers. Experts recommend closely monitoring ATKR's performance and potentially revisiting the investment in January to reconsider its growth prospects.
ATKR is somewhat of an AI name. It provides equipment for data center and electrical infrastructure. We think its fudamentals are strong. Net debt is $599.8B currently, which we are fine with given a Net dbet/EBITDA ratio at 0.8x. Total debt-to-equity is also 0.618x and EBIT/Interest Expense is 17.5x. While ATKR has some debt, it generates more than enough cash to cover interest payments and has not been issuing more debt recently. On the tax loss front, it certainly could be a candidate with it down over 40% year-to-date where recent quarterly results were not great with sales and earnings guidance for FY2025 coming in well below expected. Tax loss selling tends to peak this week or next. We think the weak results may be a drag to get investors interested in the near-term. It is cheap still at 11x forward earnings but we would revisit it in January if interested.
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ATKR provides electrical wiring along with infrastructure and safety for utility growth. It is a steady performer and continually grows its market share. It trades at 7x earnings, 2x book and supports a 36% ROE. It has been prudently using some cash reserves to buy back shares and retire debt. We recommend setting a stop-loss at $60, looking to achieve $121 -- upside potential of 38%. Yield 1.4%
(Analysts’ price target is $121.67)ATKR is viewed as a bit of an AI name, providing equipment for data center and electrical infrastructure and this space has seen some negative sentiment as investors become concerned with the demand for AI related products/services over the last month. The company also posted a weaker quarter this past week which didn't help things. Fundamentally things look quite strong here and the valuation is cheap but it might take another quarter or two for investors to get interested in this name again, given the recent results.
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Atkore delivers a unique portfolio of integrated electrical raceway solutions that deploy, isolate and protect a structure’s electrical circuitry from source to outlet. with 3,100 employees and 39 manufacturing and distribution facilities worldwide, we meet our customers’ needs by providing unmatched quality, delivery and value across a robust product line that includes steel, pvc and aluminum conduit, armored cable and flexible conduits, metal framing, wire baskets, cable trays and other complementary products including fittings and mechanical pipe. our mission is to be the customer’s first choice in electrical raceway and mechanical products and solutions by providing unmatched quality, delivery, and value based on sustainable excellence in strategy, people and processes.
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Atkore(ATKR-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
Atkore(ATKR-N) Frequently Asked Questions
What is Atkore stock symbol?
Atkore is a American stock, trading under the symbol ATKR-N on the New York Stock Exchange (ATKR). It is usually referred to as NYSE:ATKR or ATKR-N
Is Atkore a buy or a sell?
In the last year, 3 stock analysts published opinions about ATKR-N. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Atkore.
Is Atkore a good investment or a top pick?
Atkore was recommended as a Top Pick by on . Read the latest stock experts ratings for Atkore.
Why is Atkore stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Atkore worth watching?
3 stock analysts on Stockchase covered Atkore In the last year. It is a trending stock that is worth watching.
What is Atkore stock price?
On 2025-04-25, Atkore (ATKR-N) stock closed at a price of $63.93.
Our PAST TOP PICK with ATKR has triggered its stop at $66. To remain disciplined, we recommend covering the position at this time.