RBC Capital Keeps Their Buy Rating on Atkore International Group Inc

By Austin Angelo

RBC Capital analyst Deane Dray reiterated a Buy rating on Atkore International Group Inc (NYSE: ATKR) on October 11 and set a price target of $23. The company’s shares opened today at $19.33.

According to TipRanks.com, Dray is a 5-star analyst with an average return of 7.2% and a 68.0% 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 $23.

Based on Atkore International Group Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $398 million and quarterly net profit of $27.47 million. In comparison, last year the company earned revenue of $416 million and had a net profit of $15.57 million.

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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.