ATKR Should I Buy
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Atkore Inc (ATKR) is not a strong buy for a beginner, long-term investor at this time. While analysts have raised price targets and the company has shown some positive operational improvements, the recent financial performance is weak, technical indicators are neutral, and there are no strong trading signals or catalysts to suggest immediate upside potential. Holding or waiting for better entry points may be more prudent.
The MACD is below 0 and negatively contracting, indicating bearish momentum. The RSI is neutral at 44.224, and moving averages are converging, showing no clear trend. The stock is trading near its pivot level of 66.865, with support at 64.973 and resistance at 68.758, suggesting limited immediate upside.
Analysts have raised price targets, citing operational improvements such as better volume, pricing, and EBITDA margins. Additionally, the easing of PVC conduit pricing pressure and improving steel conduit pricing provide some long-term growth potential.
Recent financial performance is weak, with significant YoY declines in revenue (-0.91%), net income (-67.16%), EPS (-66.41%), and gross margin (-24.24%). Technical indicators are neutral to bearish, and there are no significant trading trends or recent news to drive the stock higher.
In Q1 2026, revenue dropped to $655.55M (-0.91% YoY), net income fell to $15.03M (-67.16% YoY), EPS declined to $0.44 (-66.41% YoY), and gross margin decreased to 18.25% (-24.24% YoY). These figures indicate significant financial weakness.
Analysts have raised price targets recently: RBC Capital to $71, Roth Capital to $77, and Citi to $74. Ratings range from Buy to Neutral, with analysts highlighting operational improvements but noting pricing headwinds and weaker gross margins.
