Atkore International Group Inc Gets a Buy Rating from RBC Capital

By Austin Angelo

In a report released yesterday, Deane Dray from RBC Capital reiterated a Buy rating on Atkore International Group Inc (NYSE: ATKR), with a price target of $20. The company’s shares closed yesterday at $18.47.

According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.8% and a 64.2% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Emerson Electric Company, and United Technologies Corp.

Atkore International Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $20.

Atkore International Group Inc’s market cap is currently $1.18B and has a P/E ratio of 15.52. The company has a book value ratio of 3.4466.

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Atkore International Group, Inc. manufactures electrical raceway products. It operates through two segments: Electrical Raceway and Mechanical Products & Solutions. The Electrical Raceway segment manufactures products that deploy, isolate and protect a structure’s electrical circuitry from the original power source to the final outlet.