Atlas Copco AB (OTCMKTS:ATLKY) Given Consensus Rating of “Hold” by Analysts

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

A number of analysts recently weighed in on ATLKY shares. Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th.

Atlas Copco Price Performance

Atlas Copco stock opened at $19.53 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 1.70. The firm has a market cap of $95.12 billion, a P/E ratio of 34.88, a P/E/G ratio of 2.03 and a beta of 1.42. The business’s fifty day moving average is $19.52 and its two-hundred day moving average is $19.64. Atlas Copco has a 52 week low of $14.89 and a 52 week high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) 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 23.91%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.46 billion. Equities research analysts forecast that Atlas Copco 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.