Atkore Inc. (NYSE:ATKR) Stock Has Average Price Target of $143.33

Shares of Atkore Inc. (NYSE:ATKR) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $143.33.

ATKR has been the subject of a number of research analyst reports. Royal Bank Of Canada set a $76.00 target price on shares of Atkore in a research report on Thursday, July 16th. Wall Street Zen raised Atkore from a “hold” rating to a “buy” rating in a report on Sunday, July 26th. Weiss Ratings upgraded Atkore from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 12th. Finally, Roth Capital downgraded Atkore from a “buy” rating to a “neutral” rating and raised their price target for the stock from $85.00 to $92.00 in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Atkore

Several institutional investors and hedge funds have recently modified their holdings of ATKR. First Trust Capital Management L.P. purchased a new position in Atkore during the third quarter worth $126,330,000. New York Life Investment Management LLC purchased a new stake in shares of Atkore in the third quarter valued at $3,697,000. Ethic Inc. purchased a new stake in shares of Atkore in the third quarter valued at $406,000. StoneX Group Inc. purchased a new stake in shares of Atkore in the third quarter valued at $215,000. Finally, Aviance Capital Partners LLC lifted its holdings in shares of Atkore by 2.3% in the 3rd quarter. Aviance Capital Partners LLC now owns 21,151 shares of the company’s stock worth $2,004,000 after acquiring an additional 479 shares during the last quarter.

Atkore Stock Up 0.0%

ATKR stock opened at $94.97 on Wednesday. Atkore has a twelve month low of $53.75 and a twelve month high of $94.97. The company has a quick ratio of 2.04, a current ratio of 2.73 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.21 billion, a PE ratio of -19.74 and a beta of 1.69. The business has a 50 day moving average of $94.65 and a 200 day moving average of $79.10.

Atkore Company Profile

Atkore Inc. manufactures products used in electrical, safety and infrastructure applications. Its offerings include electrical conduit and raceway systems, cable-management products, fittings, enclosures and related components that help protect and route wiring in commercial, industrial and infrastructure projects. The company also makes products for mechanical and safety applications, including steel pipe, metal framing systems and perimeter security products. Atkore serves customers primarily in North America, including electrical distributors, contractors and industrial businesses.