Atkore International Group Inc (NASDAQ:ATKR) hit a new 52-week high on Monday . The stock traded as high as $18.66 and last traded at $18.39, with a volume of 93,635 shares traded. The stock had previously closed at $17.99.

Several brokerages have weighed in on ATKR. Credit Suisse Group AG began 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. Deutsche Bank AG started 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 on the stock. Royal Bank Of Canada started 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 on the stock. Wells Fargo & Co. started 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 on the stock. Finally, Citigroup Inc. started 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 on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $19.83.

The company has a market cap of $1.15 billion and a PE ratio of 71.63. The firm’s 50-day moving average price is $17.59 and its 200 day moving average price is $16.95.

Atkore International Group (NASDAQ:ATKR) last issued its quarterly 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. On average, equities research analysts anticipate that Atkore International Group Inc will post $1.04 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new position in shares of Atkore International Group during the second quarter worth about $1,097,000. Pine River Capital Management L.P. purchased a new position in shares of Atkore International Group during the second quarter worth about $3,200,000. American Century Companies Inc. purchased a new position in shares of Atkore International Group during the second quarter worth about $1,463,000. Point72 Asia Hong Kong Ltd purchased a new position in shares of Atkore International Group during the second quarter worth about $200,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Atkore International Group during the second quarter worth about $250,000.

About Atkore International Group

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.

5 Day Chart for NASDAQ:ATKR

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