Atlas Copco AB (OTCMKTS:ATLKY) Receives Average Rating of “Hold” from Brokerages

Atlas Copco AB (OTCMKTS:ATLKY) has been assigned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company.

ATLKY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Monday, October 27th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 28th. Barclays raised Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Finally, UBS Group cut Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th.

Atlas Copco Trading Up 2.1%

Atlas Copco stock opened at $18.28 on Friday. Atlas Copco has a 52 week low of $13.41 and a 52 week high of $18.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.52. The firm has a market capitalization of $89.12 billion, a PE ratio of 32.64, a PEG ratio of 8.33 and a beta of 1.40. The business’s 50-day simple moving average is $17.26 and its 200-day simple moving average is $16.72.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%.The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.42 billion. Equities research analysts forecast that Atlas Copco will post 0.55 earnings per share for the current year.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.