Loop Capital Markets analyst Chris Dankert reiterated a Buy rating on Atkore International Group (ATKR – Research Report) today and set a price target of $170.00. The company’s shares closed yesterday at $130.24.
Dankert covers the Industrials sector, focusing on stocks such as MSC Industrial, Watsco, and Applied Tech. According to TipRanks, Dankert has an average return of 8.4% and a 67.21% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Atkore International Group with a $173.33 average price target, which is a 33.09% upside from current levels. In a report released on November 19, RBC Capital also assigned a Buy rating to the stock with a $187.00 price target.
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ATKR market cap is currently $4.97B and has a P/E ratio of 7.54.
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Atkore International Group (ATKR) Company Description:
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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