Atkore International Group Inc (ATKR) Rating Reiterated by Royal Bank Of Canada
Atkore International Group Inc (NASDAQ:ATKR)‘s stock had its “buy” rating restated by research analysts at Royal Bank Of Canada in a report released on Friday. They presently have a $20.00 price target on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 8.28% from the stock’s current price.
Several other analysts have also recently commented on the company. BidaskClub upgraded Atkore International Group from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. TheStreet cut Atkore International Group from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut Atkore International Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. Citigroup Inc. restated a “buy” rating and issued a $22.00 target price (down from $28.00) on shares of Atkore International Group in a research report on Thursday, August 10th. Finally, Credit Suisse Group upgraded Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 target price on the stock in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.75.
Shares of Atkore International Group (ATKR) opened at 18.47 on Friday. The stock has a market capitalization of $1.18 billion and a P/E ratio of 15.24. Atkore International Group has a 1-year low of $17.74 and a 1-year high of $27.30. The company has a 50 day moving average price of $18.30 and a 200-day moving average price of $21.87.
Atkore International Group (NASDAQ:ATKR) last posted its earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Atkore International Group had a return on equity of 33.89% and a net margin of 6.91%. The firm had revenue of $397.70 million for the quarter, compared to analysts’ expectations of $424.49 million. Atkore International Group’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that Atkore International Group will post $1.43 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Atkore International Group by 34.1% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the company’s stock valued at $110,000 after purchasing an additional 1,065 shares in the last quarter. Victory Capital Management Inc. bought a new position in Atkore International Group during the 1st quarter valued at $132,000. Oppenheimer Asset Management Inc. bought a new position in Atkore International Group during the 1st quarter valued at $139,000. Legal & General Group Plc boosted its stake in Atkore International Group by 300.6% during the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock valued at $183,000 after purchasing an additional 6,108 shares in the last quarter. Finally, American International Group Inc. bought a new position in Atkore International Group during the 1st quarter valued at $194,000.
About Atkore International Group
Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.
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