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Is Atkore International Group Inc. (ATKR) a Great Value Stock Right Now?
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Atkore International Group Inc. (ATKR - Free Report) is a stock many investors are watching right now. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock holds a P/E ratio of 6.82, while its industry has an average P/E of 6.99. Over the last 12 months, ATKR's Forward P/E has been as high as 14.50 and as low as 5.72, with a median of 8.80.
Investors will also notice that ATKR has a PEG ratio of 0.65. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ATKR's PEG compares to its industry's average PEG of 0.70. Within the past year, ATKR's PEG has been as high as 1.45 and as low as 0.60, with a median of 0.89.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. ATKR has a P/S ratio of 0.56. This compares to its industry's average P/S of 0.68.
Finally, we should also recognize that ATKR has a P/CF ratio of 5.26. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 6.38. Over the past 52 weeks, ATKR's P/CF has been as high as 10.42 and as low as 4.12, with a median of 6.20.
These are only a few of the key metrics included in Atkore International Group Inc.'s strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ATKR looks like an impressive value stock at the moment.
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Is Atkore International Group Inc. (ATKR) a Great Value Stock Right Now?
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
Atkore International Group Inc. (ATKR - Free Report) is a stock many investors are watching right now. ATKR is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock holds a P/E ratio of 6.82, while its industry has an average P/E of 6.99. Over the last 12 months, ATKR's Forward P/E has been as high as 14.50 and as low as 5.72, with a median of 8.80.
Investors will also notice that ATKR has a PEG ratio of 0.65. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. ATKR's PEG compares to its industry's average PEG of 0.70. Within the past year, ATKR's PEG has been as high as 1.45 and as low as 0.60, with a median of 0.89.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. ATKR has a P/S ratio of 0.56. This compares to its industry's average P/S of 0.68.
Finally, we should also recognize that ATKR has a P/CF ratio of 5.26. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 6.38. Over the past 52 weeks, ATKR's P/CF has been as high as 10.42 and as low as 4.12, with a median of 6.20.
These are only a few of the key metrics included in Atkore International Group Inc.'s strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ATKR looks like an impressive value stock at the moment.