Atkore International Group Inc (NASDAQ:ATKR) has been given a consensus rating of “Buy” by the seven brokerages that are currently covering the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.80.

ATKR has been the topic of a number of recent research reports. Citigroup Inc. initiated coverage on Atkore International Group in a research report on Tuesday, July 5th. They set a “buy” rating and a $20.00 price objective on the stock. Deutsche Bank AG began coverage on Atkore International Group in a research report on Tuesday, July 5th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research downgraded Atkore International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Credit Suisse Group AG began coverage on Atkore International Group in a report on Tuesday, July 5th. They issued a “neutral” rating and a $20.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Atkore International Group in a report on Thursday, July 7th. They issued a “neutral” rating and a $19.00 price target on the stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Hong Kong Ltd purchased a new position in shares of Atkore International Group during the second quarter valued at about $200,000. Henderson Group PLC purchased a new position in shares of Atkore International Group during the second quarter valued at about $223,000. Nomura Holdings Inc. purchased a new position in shares of Atkore International Group during the second quarter valued at about $250,000. Public Employees Retirement System of Ohio purchased a new position in shares of Atkore International Group during the second quarter valued at about $1,097,000. Finally, American Century Companies Inc. purchased a new position in shares of Atkore International Group during the second quarter valued at about $1,463,000.

Atkore International Group (NASDAQ:ATKR) opened at 19.36 on Thursday. The stock has a market cap of $1.21 billion and a PE ratio of 75.04. Atkore International Group has a 52 week low of $14.17 and a 52 week high of $19.58. The firm’s 50-day moving average price is $18.44 and its 200-day moving average price is $17.35.

Atkore International Group (NASDAQ:ATKR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $396 million for the quarter, compared to analysts’ expectations of $432.40 million. Equities analysts predict that Atkore International Group will post $1.04 earnings per share for the current fiscal year.

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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