Positive Press Coverage Somewhat Unlikely to Impact Atkore International Group (ATKR) Stock Price
News stories about Atkore International Group (NASDAQ:ATKR) have trended positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atkore International Group earned a coverage optimism score of 0.34 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.4618076789039 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Atkore International Group (NASDAQ:ATKR) traded up 0.76% on Friday, hitting $18.56. The stock had a trading volume of 238,740 shares. The company’s 50-day moving average is $18.39 and its 200-day moving average is $18.39. Atkore International Group has a one year low of $17.74 and a one year high of $27.30. The stock has a market cap of $1.19 billion and a P/E ratio of 15.31.
Atkore International Group (NASDAQ:ATKR) last announced its earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $397.70 million for the quarter, compared to analyst estimates of $424.49 million. The firm’s revenue was up .5% on a year-over-year basis. On average, analysts anticipate that Atkore International Group will post $1.43 earnings per share for the current fiscal year.
Several research firms have recently issued reports on ATKR. Royal Bank Of Canada reaffirmed a “buy” rating and set a $20.00 price objective on shares of Atkore International Group in a research report on Wednesday, August 9th. 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. reaffirmed a “buy” rating and set a $22.00 price objective (down from $28.00) on shares of Atkore International Group in a research report on Thursday, August 10th. BidaskClub raised Atkore International Group from a “sell” rating to a “hold” rating in a research report on Friday, September 8th. Finally, Credit Suisse Group raised Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.75.
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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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