Favorable News Coverage Somewhat Unlikely to Affect Atkore International Group (ATKR) Stock Price
Media stories about Atkore International Group (NASDAQ:ATKR) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media 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 negative one to positive one, with scores nearest to one being the most favorable. Atkore International Group earned a news impact score of 0.35 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.4526826019536 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Atkore International Group (NASDAQ ATKR) traded down 2.45% during trading on Wednesday, hitting $19.15. The stock had a trading volume of 720,749 shares. The stock has a 50 day moving average of $18.94 and a 200 day moving average of $18.94. The company has a market cap of $1.23 billion and a PE ratio of 15.80. Atkore International Group has a 12 month low of $15.05 and a 12 month high of $27.30.
Atkore International Group (NASDAQ:ATKR) last posted its earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $397.70 million for the quarter, compared to the consensus estimate of $424.49 million. Atkore International Group had a return on equity of 33.89% and a net margin of 6.91%. Atkore International Group’s quarterly revenue was up .5% compared to the same quarter last year. Equities analysts forecast that Atkore International Group will post $1.43 EPS for the current fiscal year.
ATKR has been the topic of several recent analyst reports. TheStreet cut Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $20.00 price objective on shares of Atkore International Group in a research report on Friday, September 15th. Zacks Investment Research lowered Atkore International Group from a “hold” rating to a “strong sell” rating in a research report on Friday, August 11th. BidaskClub upgraded Atkore International Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Finally, UBS AG lowered Atkore International Group from a “buy” rating to a “neutral” rating and increased their price objective for the company from $19.00 to $21.00 in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Atkore International Group has an average rating of “Buy” and a consensus price target of $21.50.
Atkore International Group Company Profile
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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