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

Atlas Copco AB (OTCMKTS:ATLKY – Get Free Report) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Wednesday. 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.

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Atlas Copco Price Performance

ATLKY stock opened at $20.06 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. Atlas Copco has a 12 month low of $14.89 and a 12 month high of $22.05. The firm has a market cap of $97.70 billion, a P/E ratio of 35.82, a P/E/G ratio of 2.03 and a beta of 1.44. The company’s 50-day moving average price is $19.58 and its two-hundred day moving average price is $19.45.

Atlas Copco (OTCMKTS:ATLKY – Get Free Report) 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 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 for the quarter, compared to analyst estimates of $4.46 billion. On average, analysts anticipate that Atlas Copco will post 0.66 earnings per share for the current fiscal year.

About Atlas Copco

(Get Free Report)

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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