Atkore International Group Inc (NASDAQ:ATKR) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.36 and last traded at $18.09, with a volume of 60,969 shares traded. The stock had previously closed at $18.09.

Several research analysts recently commented on the stock. Wells Fargo & Co. assumed coverage on shares of Atkore International Group in a report on Tuesday, July 5th. They set an “outperform” rating and a $20.00 target price for the company. Citigroup assumed coverage on shares of Atkore International Group in a report on Tuesday, July 5th. They set a “buy” rating and a $20.00 target price for the company. Credit Suisse Group AG restated a “neutral” rating on shares of Atkore International Group in a report on Tuesday, August 2nd. Deutsche Bank AG initiated coverage on shares of Atkore International Group in a report on Tuesday, July 5th. They set a “buy” rating and a $20.00 target price for the company. Finally, Royal Bank Of Canada initiated coverage on shares of Atkore International Group in a research note on Tuesday, July 5th. They issued an “outperform” 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 company’s stock. Atkore International Group has a consensus rating of “Buy” and a consensus target price of $19.83.

The company’s 50 day moving average price is $17.06 and its 200 day moving average price is $16.75. The stock has a market capitalization of $1.13 billion and a PE ratio of 70.00.

Atkore International Group (NASDAQ:ATKR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.42 earnings per share for the quarter. The company earned $396 million during the quarter, compared to the consensus estimate of $432.40 million. On average, equities analysts expect 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 Atkore International Group stock in a transaction on Wednesday, June 15th. The shares were 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 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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