Atlas Copco AB (OTCMKTS:ATLKY) Given Average Recommendation of “Hold” by Brokerages

Atlas Copco AB (OTCMKTS:ATLKY) has earned a consensus rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company.

A number of brokerages have weighed in on ATLKY. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. The Goldman Sachs Group lowered shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th.

Atlas Copco Stock Up 4.8%

Atlas Copco stock opened at $19.62 on Wednesday. Atlas Copco has a 12 month low of $14.89 and a 12 month high of $22.05. The stock has a fifty day simple moving average of $18.95 and a two-hundred day simple moving average of $19.06. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The firm has a market cap of $95.56 billion, a price-to-earnings ratio of 35.04, a PEG ratio of 2.20 and a beta of 1.44.

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