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

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

ATLKY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Finally, The Goldman Sachs Group downgraded Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th.

Atlas Copco Stock Performance

OTCMKTS:ATLKY opened at $19.74 on Friday. The company has a 50-day moving average of $19.10 and a 200-day moving average of $18.84. The firm has a market cap of $96.12 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.30 and a beta of 1.47. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.26. Atlas Copco has a twelve month low of $14.89 and a twelve month high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.46 billion. Analysts forecast 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.