Atkore International Group’s (ATKR) Buy Rating Reiterated at Royal Bank Of Canada
Atkore International Group Inc (NASDAQ:ATKR)‘s stock had its “buy” rating reissued by equities research analysts at Royal Bank Of Canada in a report issued on Friday. They presently have a $23.00 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 19.60% from the stock’s previous close.
ATKR has been the topic of several other research reports. TheStreet cut shares of Atkore International Group from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. BidaskClub raised shares of Atkore International Group from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. UBS AG cut shares of Atkore International Group from a “buy” rating to a “neutral” rating and increased their price target for the stock from $19.00 to $21.00 in a research report on Wednesday. Citigroup Inc. reissued a “buy” rating and set a $23.00 price target (up previously from $22.00) on shares of Atkore International Group in a research report on Monday. Finally, Credit Suisse Group raised shares of Atkore International Group from a “neutral” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Atkore International Group presently has an average rating of “Buy” and a consensus price target of $22.25.
Atkore International Group (NASDAQ:ATKR) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $397.70 million for the quarter, compared to analysts’ expectations of $424.49 million. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The company’s quarterly revenue was up .5% compared to the same quarter last year.
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Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. raised its holdings 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 acquiring an additional 1,065 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Atkore International Group in the first quarter valued at approximately $132,000. Oppenheimer Asset Management Inc. acquired a new stake in Atkore International Group in the first quarter valued at approximately $139,000. Acrospire Investment Management LLC acquired a new stake in Atkore International Group in the third quarter valued at approximately $114,000. Finally, American International Group Inc. acquired a new stake in Atkore International Group in the first quarter valued at approximately $194,000.
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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