Atkore International Group Inc (ATKR) Receives $23.00 Consensus Target Price from Brokerages
Shares of Atkore International Group Inc (NYSE:ATKR) have earned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $23.00.
A number of research firms have commented 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 note on Friday, September 15th. UBS downgraded Atkore International Group from a “buy” rating to a “neutral” rating and upped their target price for the company from $19.00 to $21.00 in a report on Wednesday, October 11th. TheStreet downgraded Atkore International Group from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. BidaskClub downgraded Atkore International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, Citigroup reiterated a “buy” rating and issued a $23.00 target price (up previously from $22.00) on shares of Atkore International Group in a report on Monday, October 9th.
In related news, VP Kevin P. Fitzpatrick sold 154,806 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.13, for a total value of $3,425,856.78. Following the transaction, the vice president now owns 58,223 shares in the company, valued at $1,288,474.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP James A. Mallak sold 77,856 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $20.00, for a total value of $1,557,120.00. Following the completion of the transaction, the vice president now owns 93,855 shares in the company, valued at approximately $1,877,100. The disclosure for this sale can be found here. Insiders sold a total of 501,751 shares of company stock worth $10,420,337 in the last quarter. 68.80% of the stock is owned by corporate insiders.
Atkore International Group (ATKR) traded down $0.03 during mid-day trading on Friday, reaching $21.34. 350,800 shares of the company’s stock were exchanged, compared to its average volume of 419,659. The company has a quick ratio of 1.44, a current ratio of 2.39 and a debt-to-equity ratio of 1.58. Atkore International Group has a 52 week low of $15.05 and a 52 week high of $27.30. The stock has a market capitalization of $1,355.53, a price-to-earnings ratio of 16.96, a PEG ratio of 1.45 and a beta of 1.09.
Atkore International Group (NYSE:ATKR) last posted its quarterly earnings data on Wednesday, November 29th. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Atkore International Group had a net margin of 5.63% and a return on equity of 26.22%. The company had revenue of $395.80 million during the quarter, compared to analyst estimates of $394.49 million. During the same period in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. analysts forecast that Atkore International Group will post 1.47 EPS for the current year.
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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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