Atkore International Group (NYSE:ATKR) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $1.95-2.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.91. Atkore International Group also updated its Q1 guidance to $0.42-0.48 EPS.
A number of research firms recently commented on ATKR. Citigroup set a $26.00 price target on shares of Atkore International Group and gave the stock a buy rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded shares of Atkore International Group from a sell rating to a hold rating and set a $24.00 price objective on the stock in a research note on Thursday, February 8th. UBS Group initiated coverage on shares of Atkore International Group in a research note on Tuesday, January 23rd. They set a hold rating and a $23.00 price objective on the stock. TheStreet upgraded shares of Atkore International Group from a d+ rating to a c- rating in a research note on Wednesday, November 29th. Finally, BidaskClub downgraded shares of Atkore International Group from a buy rating to a hold rating in a research note on Saturday, November 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $24.00.
Shares of Atkore International Group (NYSE:ATKR) opened at $21.00 on Thursday. Atkore International Group has a one year low of $15.05 and a one year high of $27.06. The company has a quick ratio of 1.39, a current ratio of 2.45 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1,392.36, a P/E ratio of 14.89, a PEG ratio of 1.22 and a beta of 1.25.
In related news, major shareholder Allied Holdings L.P. Cd&R sold 17,225,539 shares of Atkore International Group stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $21.77, for a total transaction of $374,999,984.03. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Patrick Williamson sold 5,352 shares of Atkore International Group stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $20.00, for a total transaction of $107,040.00. Following the sale, the insider now owns 170,907 shares in the company, valued at $3,418,140. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,557,923 shares of company stock worth $382,032,981. 68.80% of the stock is owned by corporate insiders.
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About Atkore International Group
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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