Rating Action: 15.79% to Target, RBC Capital Mkts Keeps Outperform Rating for Atkore International (NYSE:ATKR) Stock

November 30, 2016 - By Peter Erickson

Rating Action: 15.79% to Target, RBC Capital Mkts Keeps Outperform Rating for Atkore International (NYSE:ATKR) Stock

Atkore International (NYSE:ATKR) Rating

In analysts note shared with investors and clients on Wednesday, 30 November, Atkore International (NYSE:ATKR) stock Outperform was reaffirmed by RBC Capital Mkts. They currently have a $25 target on the stock. RBC Capital Mkts’s target suggests a potential upside of 15.79% from the company’s previous stock close.

About 82,371 shares traded hands. Atkore International Group Inc (NYSE:ATKR) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Atkore International Group Inc. is a maker of electrical raceway products. The company has a market cap of $1.34 billion. The Company’s products are primarily offered for non-residential construction and renovation markets, and mechanical products and solutions for the construction and industrial markets. It has a 83.91 P/E ratio. The Firm operates in two divisions: Electrical Raceway and MP&S.

According to Zacks Investment Research, “Atkore International Group Inc. manufactures and distributes electrical raceway products. It offers steel tubes and pipes, electrical conduit, armored wire and cable, cable trays, metal framing systems and building components. Atkore International Group Inc. is based in Harvey, Illinois.”

More recent Atkore International Group Inc (NYSE:ATKR) news were published by: Marketwatch.com which released: “Atkore International Group Inc.” on April 21, 2016. Also Businesswire.com published the news titled: “Keith Whisenand Joins Atkore International as Vice President of Investor Relations” on August 09, 2016. Marketwatch.com‘s news article titled: “Atkore International Group trading above issue price in market debut” with publication date: June 10, 2016 was also an interesting one.

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