Atkore International Group Inc (NASDAQ:ATKR) has earned an average recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $22.17.
ATKR has been the topic of several research analyst reports. Zacks Investment Research downgraded Atkore International Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $31.00 price target on shares of Atkore International Group in a research report on Tuesday, April 11th.
In related news, VP James A. Mallak sold 12,146 shares of the stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $26.01, for a total value of $315,917.46. Following the completion of the sale, the vice president now owns 84,134 shares in the company, valued at $2,188,325.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Peter J. Lariviere sold 37,261 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $25.85, for a total transaction of $963,196.85. Following the completion of the sale, the vice president now owns 45,737 shares of the company’s stock, valued at approximately $1,182,301.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 240,683 shares of company stock valued at $6,278,738.
Several large investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Atkore International Group by 34.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,184 shares of the company’s stock valued at $110,000 after buying an additional 1,065 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Atkore International Group during the first quarter valued at $132,000. Oppenheimer Asset Management Inc. bought a new stake in Atkore International Group during the first quarter valued at $139,000. American International Group Inc. bought a new stake in Atkore International Group during the first quarter valued at $194,000. Finally, Trexquant Investment LP bought a new stake in Atkore International Group during the first quarter valued at $218,000.
Atkore International Group (ATKR) traded up 0.55% on Monday, hitting $21.91. The company had a trading volume of 402,705 shares. The firm’s 50 day moving average price is $22.74 and its 200 day moving average price is $24.37. Atkore International Group has a 12-month low of $14.17 and a 12-month high of $27.30. The stock has a market cap of $1.39 billion and a P/E ratio of 19.42.
Atkore International Group (NASDAQ:ATKR) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.08. The business had revenue of $372.79 million during the quarter, compared to analyst estimates of $363.74 million. Atkore International Group had a net margin of 5.08% and a return on equity of 25.87%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.31 earnings per share. Equities analysts predict that Atkore International Group will post $1.57 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Atkore International Group Inc (ATKR) Receives $22.17 Average Price Target from Analysts” was first published by WKRB News and is owned by of WKRB News. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.wkrb13.com/markets/2231041/atkore-international-group-inc-atkr-receives-22-17-average-price-target-from-analysts.html.
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.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2231041/atkore-international-group-inc-atkr-receives-22-17-average-price-target-from-analysts.html
Receive News & Ratings for Atkore International Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.