Atkore International Group Inc (ATKR) Price Target Raised to $25.00 at Royal Bank Of Canada
Atkore International Group Inc (NASDAQ:ATKR) had its price objective raised by equities research analysts at Royal Bank Of Canada from $21.00 to $25.00 in a research note issued on Wednesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price points to a potential upside of 17.15% from the company’s current price.
A number of other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Atkore International Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Credit Suisse Group AG reissued a “neutral” rating on shares of Atkore International Group in a report on Tuesday, August 2nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Atkore International Group has a consensus rating of “Buy” and an average target price of $20.86.
Shares of Atkore International Group (NASDAQ:ATKR) traded up 1.242% during trading on Wednesday, reaching $21.605. The company had a trading volume of 92,067 shares. The firm has a market capitalization of $1.35 billion and a price-to-earnings ratio of 83.740. The firm has a 50-day moving average of $19.78 and a 200 day moving average of $17.98. Atkore International Group has a 52 week low of $14.17 and a 52 week high of $22.49.
Atkore International Group (NASDAQ:ATKR) last posted its earnings results on Tuesday, November 29th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $416.24 million for the quarter, compared to analysts’ expectations of $423.05 million. During the same period in the previous year, the business posted ($0.19) earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Atkore International Group will post $1.04 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of ATKR. Acrospire Investment Management LLC purchased a new position in Atkore International Group during the third quarter valued at approximately $114,000. BlackRock Inc. purchased a new position in Atkore International Group during the third quarter valued at approximately $196,000. BlackRock Advisors LLC purchased a new position in Atkore International Group during the third quarter valued at approximately $204,000. Point72 Asia Hong Kong Ltd purchased a new position in Atkore International Group during the second quarter valued at approximately $200,000. Finally, Teachers Advisors LLC purchased a new position in Atkore International Group during the third quarter valued at approximately $242,000.
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.
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