The Company has successfully negotiated a new five-year labor agreement with the United Steelworkers union, ensuring continued operations at its Harvey, Illinois plant. This development comes as a significant step forward, following the expiration of the previous contract in April 2024.
The agreement, which has a retroactive effect to cover the period since the prior contract lapsed, demonstrates a commitment to maintaining stable labor relations and securing the workforce's future at the facility. The deal highlights the company's dedication to its employees and ensuring seamless operations at the Harvey site.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Atkore Inc (ATKR, Financial) is $72.50 with a high estimate of $90.00 and a low estimate of $64.00. The average target implies an upside of 27.80% from the current price of $56.73. More detailed estimate data can be found on the Atkore Inc (ATKR) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Atkore Inc's (ATKR, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Atkore Inc (ATKR, Financial) in one year is $117.00, suggesting a upside of 106.24% from the current price of $56.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Atkore Inc (ATKR) Summary page.
