Atlas Copco AB (OTCMKTS:ATLKY – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $19.56, but opened at $20.3499. Atlas Copco shares last traded at $20.26, with a volume of 270,966 shares trading hands.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on ATLKY shares. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on ATLKY
Atlas Copco Stock Performance
Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last announced its earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). Atlas Copco had a net margin of 15.69% and a return on equity of 23.91%. On average, equities analysts forecast 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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