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 topic of a number of recent analyst reports. Citigroup Inc. initiated coverage on shares of Atkore International Group in a research note on Tuesday, July 5th. They set a “buy” rating and a $20.00 price objective on the stock. Deutsche Bank AG initiated coverage on shares of Atkore International Group in a research note on Tuesday, July 5th. They set a “buy” rating and a $20.00 price objective on the stock. Credit Suisse Group AG initiated coverage on shares of Atkore International Group in a research note on Tuesday, July 5th. They set a “neutral” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Atkore International Group in a research note on Thursday, July 7th. They set a “neutral” rating and a $19.00 price objective on the stock. Finally, Wells Fargo & Co. assumed coverage on shares of Atkore International Group in a research report on Tuesday, July 5th. They issued an “outperform” rating and a $20.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Atkore International Group has an average rating of “Buy” and a consensus price target of $19.83.

The company has a 50 day moving average of $0.00 and a 200 day moving average of $0.00. The firm has a market cap of $1.01 billion and a PE ratio of 62.36.

Atkore International Group (NASDAQ:ATKR) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.42 earnings per share for the quarter. The company earned $396 million during the quarter, compared to the consensus estimate 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 company’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $16.00, for a total value of $192,000,000.00. The sale was disclosed in a legal filing 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.