Atkore International Group Inc (NASDAQ:ATKR) shares hit a new 52-week high during trading on Monday . The company traded as high as $17.96 and last traded at $17.96, with a volume of 37,764 shares trading hands. The stock had previously closed at $17.35.

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

The company has a market cap of $1.13 billion and a price-to-earnings ratio of 70.00. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00.

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 company had revenue of $396 million for 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 Atkore International Group 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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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