Atlas Copco AB (OTCMKTS:ATLKY – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 766,577 shares were traded during mid-day trading, an increase of 94% from the previous session’s volume of 394,616 shares.The stock last traded at $19.29 and had previously closed at $18.91.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on ATLKY shares. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Read Our Latest Research Report on ATLKY
Atlas Copco Stock Performance
Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share 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 company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.46 billion. On average, sell-side analysts expect that Atlas Copco AB will post 0.66 earnings per share 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.
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