Atlas Copco AB (OTCMKTS:ATLKY) Given Consensus Recommendation of “Hold” by Brokerages

Atlas Copco AB (OTCMKTS:ATLKY) has been assigned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of analysts have recently commented on the company. Citigroup restated a “buy” rating on shares of Atlas Copco in a research report on Thursday, April 9th. Pareto Securities lowered Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group lowered Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th.

Atlas Copco Stock Up 2.3%

Atlas Copco stock opened at $19.37 on Wednesday. The stock has a market capitalization of $94.34 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.22 and a beta of 1.47. Atlas Copco has a 12 month low of $14.89 and a 12 month high of $22.05. The business has a 50 day simple moving average of $18.86 and a 200-day simple moving average of $18.99. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.46 billion. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%. On average, analysts anticipate that Atlas Copco will post 0.66 EPS for the current fiscal year.

Atlas Copco Company Profile

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.