Atlas Copco (OTCMKTS:ATLKY) Reaches New 12-Month High – Time to Buy?

Atlas Copco AB (OTCMKTS:ATLKY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.16 and last traded at $21.13, with a volume of 132615 shares changing hands. The stock had previously closed at $20.51.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ATLKY. UBS Group cut shares of Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research note on Friday. Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Finally, Barclays raised Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Atlas Copco Stock Performance

The stock has a market cap of $102.59 billion, a price-to-earnings ratio of 37.58, a P/E/G ratio of 9.84 and a beta of 1.40. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $17.94 and a 200-day simple moving average of $17.06.

Atlas Copco (OTCMKTS:ATLKY) last released its earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.42 billion. Atlas Copco had a return on equity of 25.42% and a net margin of 16.08%. Analysts forecast that Atlas Copco AB will post 0.55 EPS 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.