The stock of Atkore International Group Inc (NYSE:ATKR) reached all time high today, Oct, 3 and still has $24.66 target or 29.00% above today’s $19.12 share price. This indicates more upside for the $1.22B company. This technical setup was reported by Barchart.com. If the $24.66 PT is reached, the company will be worth $353.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.03% or $0.38 during the last trading session, hitting $19.12. About 187,656 shares traded hands. Atkore International Group Inc (NYSE:ATKR) has risen 6.00% since September 3, 2016 and is uptrending. It has underperformed by 6.22% the S&P500.
Analysts await Atkore International Group Inc (NYSE:ATKR) to report earnings on November, 1. ATKR’s profit will be $24.25M for 12.58 P/E if the $0.38 EPS becomes a reality. After $0.37 actual EPS reported by Atkore International Group Inc for the previous quarter, Wall Street now forecasts 2.70% EPS growth.
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 notable recent Atkore International Group Inc (NYSE:ATKR) news were published by: Marketwatch.com which released: “Atkore International Group Inc.” on June 09, 2016, also Businesswire.com with their article: “Atkore International Group Inc. Presents at Deutsche Bank Leveraged Finance …” published on September 27, 2016, Marketwatch.com published: “Atkore International Group trading above issue price in market debut” on June 10, 2016. More interesting news about Atkore International Group Inc (NYSE:ATKR) were released by: Businesswire.com and their article: “Atkore International Group Inc. Announces Third Quarter 2016 Earnings Release …” published on July 12, 2016 as well as Businesswire.com‘s news article titled: “Keith Whisenand Joins Atkore International as Vice President of Investor Relations” with publication date: August 09, 2016.
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