RBC Capital analyst Deane Dray maintains $Atkore (ATKR.US)$ with a hold rating, and adjusts the target price from $99 to $93.
According to TipRanks data, the analyst has a success rate of 64.7% and a total average return of 14.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Atkore (ATKR.US)$'s main analysts recently are as follows:
Atkore faced several challenges including the emergence of a new PVC conduit competitor, increased import pressures in both PVC and steel conduits, and ongoing startup inefficiencies at its Hobart operation. Additionally, expectations for price normalization might now extend to FY26, though the market's reaction post-earnings hints at a potential stabilization in the company's performance.
The company appears to have adopted a more conservative outlook when providing its FY25 EBITDA guidance. This guidance is situated slightly below the pre-pandemic levels, reflecting a normalization of PVC pricing and increased competition in both steel and PVC conduit areas.
Note:
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