Atkore International

ATKR
Delayed Nyse - 04/23 10:01:35 pm
25.25USD
+5.34%

The technical configuration is positive

Envoyer par e-mail
David Meurisse
Contributor / Partner

Strategy published on : 02/11/2019 | 09:01

long trade
Stop-loss triggered

Entry price : 22.76$
Target : 24.9$
Stop-loss : 21.4$
Potential : 9.4%

Shares in Atkore International Group Inc show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the $ 24.9.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● As regards fundamentals, the enterprise value to sales ratio is at 0.87 for the current period. Therefore, the company is undervalued.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Zonebourse.com 2019
Envoyer par e-mail