Atkore International Group Inc (NASDAQ:ATKR) rose 4.8% on Tuesday . The company traded as high as $17.16 and last traded at $16.03, with a volume of 329,756 shares trading hands. The stock had previously closed at $15.30.

ATKR has been the subject of several analyst reports. Citigroup Inc. initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They set a “buy” rating and a $20.00 target price for the company. Deutsche Bank AG initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They set a “buy” rating and a $20.00 target price for the company. Credit Suisse Group AG initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They set a “neutral” rating and a $20.00 target price for the company. JPMorgan Chase & Co. initiated coverage on Atkore International Group in a research note on Thursday, July 7th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Wells Fargo & Co. initiated coverage on Atkore International Group in a research note on Tuesday, July 5th. They set an “outperform” rating and a $20.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Atkore International Group currently has a consensus rating of “Buy” and an average price target of $19.83.

The company has a market capitalization of $969.35 million and a PE ratio of 67.48. The company’s 50 day moving average is $0.00 and its 200-day moving average is $0.00.

Atkore International Group (NASDAQ:ATKR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.42 EPS for the quarter. The company earned $396 million during the quarter, compared to analysts’ expectations of $432.40 million.

In other Atkore International Group news, major shareholder Allied Holdings L.P. Cd&R sold 12,000,000 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The stock was sold at an average price of $16.00, for a total value of $192,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Atkore International Group Inc, located in the US, manufactures and wholesales galvanized steel tubes and pipes, electrical conduit, armored wire and cable, metal framing systems and building components. It is also a holding company.

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