TheStreet lowered shares of Atkore International Group Inc (NASDAQ:ATKR) from a c- rating to a d+ rating in a research note issued to investors on Wednesday morning.
Several other equities analysts have also recently issued reports on ATKR. Zacks Investment Research cut shares of Atkore International Group from a buy rating to a hold rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada reiterated a buy rating and set a $20.00 price target on shares of Atkore International Group in a research report on Wednesday, August 9th. Credit Suisse Group upgraded 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. Finally, Citigroup Inc. reiterated a buy rating and set a $22.00 price target (down previously from $28.00) on shares of Atkore International Group in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Atkore International Group has a consensus rating of Buy and an average target price of $23.75.
Atkore International Group (ATKR) opened at 16.04 on Wednesday. The firm’s 50-day moving average price is $19.65 and its 200 day moving average price is $23.17. Atkore International Group has a 12-month low of $15.05 and a 12-month high of $27.30. The company has a market capitalization of $1.03 billion and a price-to-earnings ratio of 13.23.
Atkore International Group (NASDAQ:ATKR) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. Atkore International Group had a net margin of 6.91% and a return on equity of 33.89%. The company had revenue of $397.70 million for the quarter, compared to analysts’ expectations of $424.49 million. The business’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts expect that Atkore International Group will post $1.43 earnings per share for the current year.
ILLEGAL ACTIVITY WARNING: “Atkore International Group Inc (ATKR) Downgraded by TheStreet” was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://stocknewstimes.com/2017/08/26/atkore-international-group-inc-atkr-downgraded-by-thestreet.html.
In related news, insider John Patrick Williamson sold 70,000 shares of the business’s stock in a transaction dated Friday, June 16th. The shares were sold at an average price of $21.78, for a total transaction of $1,524,600.00. Following the sale, the insider now owns 201,625 shares of the company’s stock, valued at $4,391,392.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Large investors have recently bought and sold shares of the company. First Trust Advisors LP acquired a new stake in Atkore International Group during the first quarter valued at approximately $6,369,000. Canada Pension Plan Investment Board acquired a new stake in Atkore International Group during the first quarter valued at approximately $5,206,000. Wells Fargo & Company MN raised its stake in Atkore International Group by 9.5% in the first quarter. Wells Fargo & Company MN now owns 652,637 shares of the company’s stock valued at $17,152,000 after buying an additional 56,561 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in Atkore International Group during the first quarter valued at approximately $621,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in Atkore International Group during the first quarter valued at approximately $1,498,000.
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.
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.
