Shares of Atkore International Group Inc (NASDAQ:ATKR) dropped 1.4% during mid-day trading on Tuesday . The stock traded as low as $17.66 and last traded at $17.81, with a volume of 89,567 shares changing hands. The stock had previously closed at $18.06.

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

The firm has a market cap of $1.11 billion and a PE ratio of 69.03. The firm has a 50-day moving average of $0.00 and a 200-day moving average 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 for the quarter. The company had revenue of $396 million for the quarter, compared to analysts’ expectations of $432.40 million. On average, analysts anticipate that Atkore International Group Inc will post $1.04 EPS for the current year.

In other 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 document filed with the SEC, which is available through 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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