Atkore International Group Inc (NASDAQ:ATKR) shares reached a new 52-week high on Tuesday . The stock traded as high as $17.89 and last traded at $17.79, with a volume of 72,392 shares changing hands. The stock had previously closed at $17.65.

Several research analysts have recently weighed in on the stock. Credit Suisse Group AG reiterated a “neutral” rating on shares of Atkore International Group in a report on Tuesday, August 2nd. JPMorgan Chase & Co. assumed coverage on shares of Atkore International Group in a report on Thursday, July 7th. They issued a “neutral” rating and a $19.00 price target for the company. Royal Bank Of Canada assumed coverage on shares of Atkore International Group in a report on Tuesday, July 5th. They issued an “outperform” rating and a $20.00 price target for the company. Wells Fargo & Co. assumed coverage on shares of Atkore International Group in a report on Tuesday, July 5th. They issued an “outperform” rating and a $20.00 price target for the company. Finally, Deutsche Bank AG assumed coverage on shares of Atkore International Group in a report on Tuesday, July 5th. They issued a “buy” rating and a $20.00 price target for the company. Two 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 an average 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 capitalization of $1.11 billion and a price-to-earnings ratio of 68.95.

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 firm earned $396 million during the quarter, compared to the consensus estimate of $432.40 million.

In related 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 legal filing with the SEC, which is available 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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