Atkore International Group Inc (NASDAQ:ATKR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Atkore International Group Inc. manufactures and distributes electrical raceway products. It offers steel tubes and pipes, electrical conduit, armored wire and cable, cable trays, metal framing systems and building components. Atkore International Group Inc. is based in Harvey, Illinois. “

Several other equities research analysts also recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of Atkore International Group in a research report on Thursday, July 7th. They set a “neutral” rating and a $19.00 target price on the stock. Credit Suisse Group AG started coverage on shares of Atkore International Group in a research report on Tuesday, July 5th. They set a “neutral” rating and a $20.00 target price on the stock. Royal Bank Of Canada started coverage on shares of Atkore International Group in a research report on Tuesday, July 5th. They set an “outperform” rating and a $20.00 target price on the stock. Deutsche Bank AG assumed coverage on shares of Atkore International Group in a research report on Tuesday, July 5th. They set a “buy” rating and a $20.00 target price on the stock. Finally, Citigroup Inc. assumed coverage on shares of Atkore International Group in a research report on Tuesday, July 5th. They issued a “buy” rating and a $20.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $20.14.

Analyst Recommendations for Atkore International Group (NASDAQ:ATKR)

Shares of Atkore International Group (NASDAQ:ATKR) traded down 1.630% during midday trading on Tuesday, hitting $19.015. 116,244 shares of the stock traded hands. The stock has a market capitalization of $1.19 billion and a P/E ratio of 73.702. Atkore International Group has a 52 week low of $14.17 and a 52 week high of $19.58. The firm has a 50-day moving average price of $18.22 and a 200-day moving average price of $17.24.

Atkore International Group (NASDAQ:ATKR) last posted its earnings results on Tuesday, August 2nd. The company reported $0.42 EPS for the quarter. The business had revenue of $396 million for the quarter, compared to analyst estimates of $432.40 million. On average, equities analysts predict that Atkore International Group will post $1.04 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asia Hong Kong Ltd bought a new position in Atkore International Group during the second quarter worth about $200,000. Henderson Group PLC bought a new position in Atkore International Group during the second quarter worth about $223,000. Nomura Holdings Inc. bought a new position in Atkore International Group during the second quarter worth about $250,000. Public Employees Retirement System of Ohio bought a new position in Atkore International Group during the second quarter worth about $1,097,000. Finally, American Century Companies Inc. bought a new position in Atkore International Group during the second quarter worth about $1,463,000.

Atkore International Group Company Profile

Atkore International Group Inc, located in the US, manufactures and wholesales galvanized steel tubes and pipes, electrical conduit, armored wire and cable, metal framing systems and building components. It is also a holding company.

5 Day Chart for NASDAQ:ATKR

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