According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “
ATLKY has been the topic of a number of other research reports. Kepler Capital Markets upgraded 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. JPMorgan Chase & Co. decreased their target price on shares of Atlas Copco from SEK 665 to SEK 635 in a research report on Friday, April 1st. Barclays decreased 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. Citigroup reduced their price target 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. Finally, Jefferies Financial Group upgraded shares of Atlas Copco from an underperform rating to a hold rating and set a $520.00 price target on the stock in a research report on Wednesday, March 16th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Atlas Copco currently has a consensus rating of Hold and a consensus price target of $509.20.
Atlas Copco (OTCMKTS:ATLKY – Get Rating) last released its quarterly earnings results on Tuesday, January 25th. The industrial products company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.05). The company had revenue of $3.34 billion during the quarter, compared to the consensus estimate of $3.38 billion. Atlas Copco had a net margin of 16.71% and a return on equity of 30.18%. Equities analysts anticipate that Atlas Copco will post 1.83 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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