Atlas Copco AB (OTCMKTS:ATLKY) Receives Average Rating of “Hold” from Analysts
by Sarita Garza · The Markets DailyShares of Atlas Copco AB (OTCMKTS:ATLKY – Get Free Report) have earned an average rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company.
A number of equities analysts recently weighed in on the stock. Pareto Securities cut shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group lowered Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Finally, Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Thursday, January 22nd.
Check Out Our Latest Research Report on Atlas Copco
Atlas Copco Stock Up 0.6%
Shares of ATLKY opened at $19.39 on Tuesday. The company’s 50-day moving average price is $19.59 and its 200 day moving average price is $18.52. Atlas Copco has a 12-month low of $14.78 and a 12-month high of $22.05. 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 $94.53 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 2.50 and a beta of 1.47.
Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. On average, sell-side 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.