Atkore International Group Inc (NASDAQ:ATKR) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $17.35 and last traded at $17.30, with a volume of 79,610 shares traded. The stock had previously closed at $16.63.

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

The company’s 50-day moving average is $0.00 and its 200 day moving average is $0.00. The company has a market capitalization of $1.08 billion and a PE ratio of 67.09.

Atkore International Group (NASDAQ:ATKR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter. The business earned $396 million during the quarter, compared to analyst estimates of $432.40 million.

In other news, major shareholder Allied Holdings L.P. Cd&R sold 12,000,000 shares of the business’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 sale was disclosed in a filing with the SEC, which can be accessed through this link.

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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