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Is Atkore International Group Inc. (ATKR) Stock Undervalued Right Now?
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Atkore International Group Inc. (ATKR - Free Report) . ATKR is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.34, while its industry has an average P/E of 8.37. Over the past 52 weeks, ATKR's Forward P/E has been as high as 14.50 and as low as 8.01, with a median of 9.53.
ATKR is also sporting a PEG ratio of 0.83. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ATKR's industry currently sports an average PEG of 0.84. ATKR's PEG has been as high as 1.45 and as low as 0.80, with a median of 0.95, all within the past year.
Finally, investors will want to recognize that ATKR has a P/CF ratio of 6.20. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ATKR's current P/CF looks attractive when compared to its industry's average P/CF of 8.44. Over the past 52 weeks, ATKR's P/CF has been as high as 10.42 and as low as 5.34, with a median of 6.98.
Value investors will likely look at more than just these metrics, but the above data helps show that Atkore International Group Inc. Is likely undervalued currently. And when considering the strength of its earnings outlook, ATKR sticks out at as one of the market's strongest value stocks.
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Is Atkore International Group Inc. (ATKR) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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 fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Atkore International Group Inc. (ATKR - Free Report) . ATKR is currently sporting a Zacks Rank of #1 (Strong Buy), as well as a Value grade of A. The stock holds a P/E ratio of 8.34, while its industry has an average P/E of 8.37. Over the past 52 weeks, ATKR's Forward P/E has been as high as 14.50 and as low as 8.01, with a median of 9.53.
ATKR is also sporting a PEG ratio of 0.83. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ATKR's industry currently sports an average PEG of 0.84. ATKR's PEG has been as high as 1.45 and as low as 0.80, with a median of 0.95, all within the past year.
Finally, investors will want to recognize that ATKR has a P/CF ratio of 6.20. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. ATKR's current P/CF looks attractive when compared to its industry's average P/CF of 8.44. Over the past 52 weeks, ATKR's P/CF has been as high as 10.42 and as low as 5.34, with a median of 6.98.
Value investors will likely look at more than just these metrics, but the above data helps show that Atkore International Group Inc. Is likely undervalued currently. And when considering the strength of its earnings outlook, ATKR sticks out at as one of the market's strongest value stocks.