Atkore (NYSE:ATKR) Price Target Increased to $117.00 by Analysts at Citigroup

Atkore (NYSE:ATKRGet Rating) had its price objective boosted by Citigroup from $94.00 to $117.00 in a report published on Monday morning, The Fly reports. The firm currently has a neutral rating on the stock.

Several other brokerages also recently weighed in on ATKR. Credit Suisse Group lifted their target price on Atkore from $130.00 to $143.00 and gave the company an outperform rating in a research note on Wednesday, August 3rd. StockNews.com initiated coverage on shares of Atkore in a research note on Wednesday, October 12th. They set a buy rating on the stock. Royal Bank of Canada decreased their target price on shares of Atkore from $151.00 to $125.00 and set an outperform rating for the company in a research report on Wednesday, August 3rd. Finally, Loop Capital initiated coverage on shares of Atkore in a research note on Tuesday, October 18th. They set a buy rating and a $110.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Atkore currently has a consensus rating of Moderate Buy and a consensus target price of $126.50.

Atkore Price Performance

NYSE ATKR opened at $117.15 on Monday. The company has a 50-day moving average price of $89.19 and a two-hundred day moving average price of $92.39. Atkore has a 52 week low of $70.50 and a 52 week high of $123.53. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 5.77 and a beta of 2.22. The company has a current ratio of 2.77, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67.

Institutional Investors Weigh In On Atkore

Several large investors have recently modified their holdings of ATKR. Allspring Global Investments Holdings LLC raised its holdings in Atkore by 14.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,305,383 shares of the company’s stock worth $101,571,000 after buying an additional 165,933 shares during the period. River Road Asset Management LLC increased its position in shares of Atkore by 19.3% in the third quarter. River Road Asset Management LLC now owns 1,151,419 shares of the company’s stock worth $89,592,000 after acquiring an additional 186,123 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Atkore by 2.6% during the third quarter. Dimensional Fund Advisors LP now owns 1,000,991 shares of the company’s stock valued at $77,886,000 after acquiring an additional 25,060 shares during the period. State Street Corp lifted its position in shares of Atkore by 2.2% in the 1st quarter. State Street Corp now owns 950,244 shares of the company’s stock valued at $93,542,000 after acquiring an additional 20,685 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Atkore by 0.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 905,940 shares of the company’s stock worth $89,181,000 after purchasing an additional 2,610 shares during the period. 97.39% of the stock is owned by institutional investors.

About Atkore

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Atkore Inc manufactures and sells electrical, safety, and infrastructure products in the United States and internationally. The company offers electrical products, including conduits cables, and installation accessories. It also provides safety and infrastructure solutions, such as metal framing, mechanical pipe, perimeter security, and cable management.

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