Atlas Copco AB (OTCMKTS:ATLKY) Short Interest Update

Atlas Copco AB (OTCMKTS:ATLKYGet Rating) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 24,000 shares, a growth of 38.7% from the March 15th total of 17,300 shares. Based on an average daily trading volume, of 155,300 shares, the short-interest ratio is currently 0.2 days.

A number of research analysts recently commented on the stock. Barclays dropped their target price on shares of Atlas Copco from SEK 620 to SEK 560 and set an “equal weight” rating on the stock in a research report on Monday, April 4th. Morgan Stanley increased their target price on shares of Atlas Copco from SEK 486 to SEK 489 and gave the company an “equal weight” rating in a research report on Friday, March 11th. Citigroup dropped their target price on shares of Atlas Copco from SEK 675 to SEK 568 and set a “neutral” rating on the stock in a research report on Wednesday, January 26th. Kepler Capital Markets raised shares of Atlas Copco from a “hold” rating to a “buy” rating and set a $615.00 target price on the stock in a research report on Wednesday, January 26th. Finally, Pareto Securities raised shares of Atlas Copco from a “hold” rating to a “buy” rating in a research report on Wednesday, January 26th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $511.50.

ATLKY stock opened at $48.48 on Friday. Atlas Copco has a one year low of $45.24 and a one year high of $71.47. The stock has a market capitalization of $59.04 billion, a PE ratio of 28.02 and a beta of 1.07. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.23 and a current ratio of 1.67. The company has a fifty day moving average of $52.05 and a 200-day moving average of $59.74.

Atlas Copco (OTCMKTS:ATLKYGet Rating) last released its earnings results on Tuesday, January 25th. The industrial products company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.05). Atlas Copco had a return on equity of 29.17% and a net margin of 16.34%. The firm had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.38 billion. Equities analysts forecast that Atlas Copco will post 1.93 earnings per share for the current fiscal year.

About Atlas Copco (Get Rating)

Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.

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