Atkore International Group (ATKR) Earning Favorable Press Coverage, Analysis Finds
Press coverage about Atkore International Group (NASDAQ:ATKR) has been trending positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atkore International Group earned a coverage optimism score of 0.44 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.0762432142655 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Atkore International Group Inc (ATKR) Upgraded to “Buy” at BidaskClub (americanbankingnews.com)
- Contrasting Hollysys Automation Technologies (HOLI) and Atkore International Group (ATKR) (americanbankingnews.com)
- Head-To-Head Analysis: Atkore International Group (ATKR) and Regal Beloit Corporation (RBC) (americanbankingnews.com)
- Commit To Buy Atkore International Group At $15, Earn 8.6% Annualized Using Options (nasdaq.com)
- Competitive Pipes Market to Surge at a CAGR of 4.5% Over 2024 (reports.pr-inside.com)
A number of research analysts recently commented on the company. BidaskClub upgraded Atkore International Group from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 price target on shares of Atkore International Group in a research note on Friday, October 13th. UBS AG cut Atkore International Group from a “buy” rating to a “neutral” rating and increased their price target for the stock from $19.00 to $21.00 in a research note on Wednesday, October 11th. Zacks Investment Research raised Atkore International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $23.00 price target (up previously from $22.00) on shares of Atkore International Group in a research note on Monday, October 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.25.
Shares of Atkore International Group (NASDAQ ATKR) traded down 1.15% during mid-day trading on Monday, hitting $19.77. The stock had a trading volume of 316,138 shares. The stock has a market cap of $1.27 billion and a price-to-earnings ratio of 16.31. The firm’s 50-day moving average price is $19.08 and its 200 day moving average price is $19.08. Atkore International Group has a 12-month low of $15.05 and a 12-month high of $27.30.
Atkore International Group (NASDAQ:ATKR) last released its earnings results on Tuesday, August 8th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The company had revenue of $397.70 million during the quarter, compared to analysts’ expectations of $424.49 million. Atkore International Group had a return on equity of 33.89% and a net margin of 6.91%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities analysts forecast that Atkore International Group will post $1.42 EPS for the current fiscal year.
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.
Receive News & Ratings for Atkore International Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atkore International Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.