The stock of Atkore International Group Inc (NYSE:ATKR) hit a new 52-week high and has $25.50 target or 34.00% above today’s $19.03 share price. The 5 months bullish chart indicates low risk for the $1.22B company. The 1-year high was reported on Oct, 3 by Barchart.com. If the $25.50 price target is reached, the company will be worth $414.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 105,884 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 $24.36M for 12.52 P/E if the $0.38 EPS becomes a reality. After $0.37 actual earnings per share 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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