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

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

Several analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Finally, Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th.

Atlas Copco Stock Performance

Shares of ATLKY opened at $20.54 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average is $19.55 and its two-hundred day moving average is $19.37. Atlas Copco has a twelve month low of $14.89 and a twelve month high of $22.05. The firm has a market capitalization of $100.06 billion, a P/E ratio of 36.69, a PEG ratio of 2.13 and a beta of 1.44.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.46 billion. On average, research analysts predict 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.