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

Shares of Atlas Copco AB (OTCMKTS:ATLKY) have been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company.

ATLKY has been the subject of a number of recent analyst reports. Pareto Securities lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Wednesday. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a report on Thursday. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Finally, Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th.

Atlas Copco Stock Performance

Shares of ATLKY stock opened at $19.25 on Friday. The company has a market capitalization of $93.76 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.28 and a beta of 1.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55. Atlas Copco has a one year low of $14.89 and a one year high of $22.05. The company’s 50-day moving average is $19.22 and its 200 day moving average is $18.78.

Atlas Copco (OTCMKTS:ATLKY) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.46 billion. Sell-side analysts expect that Atlas Copco will post 0.66 EPS for the current fiscal year.

Atlas Copco Company Profile

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.