Atkore International Group Inc (ATKR) Stock Rating Reaffirmed by Citigroup Inc.

Citigroup Inc. reaffirmed their buy rating on shares of Atkore International Group Inc (NASDAQ:ATKR) in a research note issued to investors on Monday, October 9th. The brokerage currently has a $23.00 price target on the stock, up from their prior price target of $22.00.

Several other analysts have also commented on ATKR. Royal Bank Of Canada reiterated a buy rating and set a $20.00 price objective on shares of Atkore International Group in a report on Wednesday, August 9th. Credit Suisse Group upgraded Atkore International Group from a neutral rating to an outperform rating and set a $22.00 target price for the company in a research note on Wednesday, August 9th. BidaskClub upgraded Atkore International Group from a sell rating to a hold rating in a research note on Friday, September 8th. Zacks Investment Research lowered Atkore International Group from a hold rating to a strong sell rating in a research note on Friday, August 11th. Finally, TheStreet lowered Atkore International Group from a c- rating to a d+ rating in a research note on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Atkore International Group presently has an average rating of Buy and an average price target of $22.25.

Atkore International Group (NASDAQ:ATKR) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Atkore International Group had a return on equity of 33.89% and a net margin of 6.91%. The firm had revenue of $397.70 million during the quarter, compared to analyst estimates of $424.49 million. The company’s quarterly revenue was up .5% on a year-over-year basis.

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Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. acquired a new stake in shares of Atkore International Group during the 1st quarter valued at about $132,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Atkore International Group during the 1st quarter valued at about $139,000. American International Group Inc. acquired a new stake in shares of Atkore International Group during the 1st quarter valued at about $194,000. Legal & General Group Plc grew its position in shares of Atkore International Group by 300.6% during the 2nd quarter. Legal & General Group Plc now owns 8,140 shares of the company’s stock valued at $183,000 after acquiring an additional 6,108 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Atkore International Group during the 1st quarter valued at about $218,000.

Atkore International Group Company Profile

Atkore International Group Inc is a manufacturer of electrical raceway products. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions (MP&S) for the construction and industrial markets. The Company operates in two segments: Electrical Raceway and MP&S.

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