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Atkore International Group (ATKR) Receives a Buy from RBC Capital

RBC Capital analyst Deane Dray maintained a Buy rating on Atkore International Group (ATKRResearch Report) on January 19 and set a price target of $129.00. The company’s shares closed last Thursday at $97.86.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 11.7% and a 57.9% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Mueller Water Products.

Atkore International Group has an analyst consensus of Moderate Buy, with a price target consensus of $124.33.

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Based on Atkore International Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $924 million and net profit of $203 million. In comparison, last year the company earned revenue of $477 million and had a net profit of $54.24 million.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATKR in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Atkore International Group, Inc. engages in the manufacture of electrical raceway products. It operates through the Electrical Raceway; and Mechanical Products and Solutions (MP&S) segments. The Electrical Raceway segment manufactures products that deploy, isolate, and protect a structure’s electrical circuitry from the power source to the final outlet. The MP&S segment provides products and services that frame, support, and secure component parts in a range of structures, equipment, and systems in electrical, industrial, and construction applications. The company was founded on November 4, 2010 and is headquartered in Harvey, IL.

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