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

Several analysts recently commented on the stock. Wells Fargo & Co. assumed coverage on shares of 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. Citigroup Inc. assumed coverage on shares of 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 reissued a “neutral” rating on shares of Atkore International Group in a research note on Tuesday, August 2nd. Deutsche Bank AG assumed coverage on shares of 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. Finally, Royal Bank Of Canada assumed coverage on shares of Atkore International Group in a report on Tuesday, July 5th. They set an “outperform” rating and a $20.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.83.

The stock’s 50 day moving average price is $0.00 and its 200-day moving average price is $0.00. The stock has a market cap of $1.10 billion and a price-to-earnings ratio of 68.49.

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

In related news, major shareholder Allied Holdings L.P. Cd&R sold 12,000,000 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $16.00, for a total transaction of $192,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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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