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RBC Capital Keeps Their Hold Rating on Atkore International Group (ATKR)

Tipranks - Tipranks - Thu Apr 9, 8:52PM CDT

In a report released on April 7, Deane Dray from RBC Capital maintained a Hold rating on Atkore International Group, with a price target of $66.00. The company’s shares closed yesterday at $63.77.

Easter Sale - 70% Off TipRanks

According to TipRanks, Dray is a 5-star analyst with an average return of 12.8% and a 60.32% success rate. Dray covers the Industrials sector, focusing on stocks such as Lennox International, nVent Electric, and Dover.

Currently, the analyst consensus on Atkore International Group is a Hold with an average price target of $74.00, a 16.04% upside from current levels. In a report released on April 6, TipRanks – Google also reiterated a Hold rating on the stock with a $65.00 price target.

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Based on Atkore International Group’s latest earnings release for the quarter ending December 26, the company reported a quarterly revenue of $655.5 million and a net profit of $15 million. In comparison, last year the company earned a revenue of $661.6 million and had a net profit of $46.34 million

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