RBC Capital Believes ATKR Won’t Stop Here

By Carrie Williams

RBC Capital analyst Matthew W. McConnell reiterated a Buy rating on Atkore International (NYSE: ATKR) today and set a price target of $25. The company’s shares opened today at $21.89, close to its 52-week high of $22.49.

McConnell has an average return of 30.2% when recommending Atkore International.

According to TipRanks.com, McConnell is ranked #2096 out of 4241 analysts.

Atkore International has an analyst consensus of Moderate Buy, with a price target consensus of $23.

The company has a one year high of $22.49 and a one year low of $14.17. Currently, Atkore International has an average volume of 163.1K.

Atkore International Group, Inc. is a holding company, which manufactures electrical raceway products. The company operates its business through two reportable segments: Electrical Raceway and MP&S (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. The MP&S segment provides products and services that frame component parts in a broad range of structures, equipment and systems in electrical, industrial and construction applications. Atkore International Group was founded on November 4, 2010 and is headquartered in Harvey, IL.