RBC Capital analyst Deane Dray maintained a Buy rating on Atkore International Group (ATKR – Research Report) today and set a price target of $170.00. The company’s shares closed last Tuesday at $108.80.
According to TipRanks.com, Dray is a 5-star analyst with an average return of 9.6% and a 51.5% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Mueller Water Products.
Currently, the analyst consensus on Atkore International Group is a Moderate Buy with an average price target of $144.33, which is a 35.4% upside from current levels. In a report released today, Credit Suisse also maintained a Buy rating on the stock with a $138.00 price target.
Atkore International Group’s market cap is currently $4.88B and has a P/E ratio of 7.37.
Based on the recent corporate insider activity of 54 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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