Atlas Copco (OTCMKTS:ATLKY) Hits New 12-Month High – What’s Next?

Atlas Copco AB (OTCMKTS:ATLKY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $22.05 and last traded at $21.71, with a volume of 946168 shares changing hands. The stock had previously closed at $21.40.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. UBS Group downgraded shares of Atlas Copco to a “sell” rating in a research note on Tuesday, October 28th. Pareto Securities lowered 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Finally, The Goldman Sachs Group downgraded shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Atlas Copco Stock Up 1.2%

The company’s 50 day moving average price is $19.46 and its two-hundred day moving average price is $17.61. The stock has a market cap of $105.16 billion, a P/E ratio of 39.22, a P/E/G ratio of 3.00 and a beta of 1.42. 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 (OTCMKTS:ATLKY) last posted its earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $4.80 billion during the quarter, compared to analysts’ expectations of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. As a group, research analysts expect that Atlas Copco AB 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.