Atkore (NYSE:ATKR) has received an ‘outperform’ rating reaffirmed by stock analysts at Royal Bank of Canada, as reported by Benzinga. The analysts have set a price objective of $187.00 on the stock, indicating a potential upside of 0.94% from the current price.

StockNews.com, on the other hand, downgraded Atkore from a ‘buy’ rating to a ‘hold’ rating in a report on Tuesday, February 27th.

Atkore Stock Performance

On Friday, shares of ATKR opened at $185.25. The company boasts a debt-to-equity ratio of 0.51, a current ratio of 2.96, and a quick ratio of 1.99. With a market cap of $6.81 billion, a PE ratio of 11.11, and a beta of 2.18, Atkore has seen its stock reach a 1 year low of $116.14 and a 1 year high of $189.39. The fifty day moving average price stands at $158.55, while the two-hundred day moving average price is $147.80.

According to the latest quarterly earnings data released on Thursday, February 1st, Atkore reported $4.12 earnings per share (EPS) for the quarter, surpassing analysts’ consensus estimates of $3.08 by $1.04. The company also achieved a return on equity of 46.79% and a net margin of 18.80%. Its quarterly revenue was $798.50 million, exceeding analysts’ expectations of $777.05 million. However, the firm’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts anticipate Atkore to post 15.06 EPS for the current year.

Insiders Place Their Bets

VP Leangela W. Lowe sold 6,500 shares of the firm’s stock on Thursday, March 14th, at an average price of $176.07, totaling $1,144,455.00. Following the sale, the vice president now holds 25,590 shares in the company, valued at approximately $4,505,631.30. Insider John W. Pregenzer also sold 4,044 shares of the business’s stock on Monday, March 4th, at an average price of $174.42, amounting to $705,354.48. The insider now directly owns 30,430 shares in the company, valued at approximately $5,307,600.60.