Zacks Investment Research Upgrades Atlas Copco (ATLKY) to “Buy”
Zacks Investment Research upgraded shares of Atlas Copco (OTCMKTS:ATLKY) from a hold rating to a buy rating in a report issued on Friday. The firm currently has $52.00 price target on the industrial products company’s stock.
According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “
Shares of Atlas Copco (OTCMKTS:ATLKY) traded up $0.54 during midday trading on Friday, reaching $47.10. The company’s stock had a trading volume of 54,677 shares, compared to its average volume of 39,210. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.42. Atlas Copco has a 12 month low of $30.78 and a 12 month high of $47.10. The stock has a market cap of $39,080.00, a P/E ratio of 33.17, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98.
Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Atlas Copco had a return on equity of 30.57% and a net margin of 13.17%. The company had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.50 billion. analysts anticipate that Atlas Copco will post 1.75 EPS for the current year.
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Atlas Copco Company Profile
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