Atlas Copco (OTCMKTS:ATLKY) Stock Rating Lowered by Danske

Atlas Copco (OTCMKTS:ATLKYGet Rating) was downgraded by equities researchers at Danske from a “buy” rating to a “hold” rating in a research report issued on Wednesday, The Fly reports.

Several other brokerages have also recently weighed in on ATLKY. Pareto Securities raised shares of Atlas Copco from a “hold” rating to a “buy” rating in a research report on Thursday, October 20th. Morgan Stanley lifted their target price on shares of Atlas Copco from SEK 96 to SEK 101 in a research report on Tuesday. Citigroup raised shares of Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Monday. Barclays dropped their target price on shares of Atlas Copco from SEK 105 to SEK 100 and set an “equal weight” rating on the stock in a research report on Monday, October 3rd. Finally, Berenberg Bank raised shares of Atlas Copco from a “hold” rating to a “buy” rating in a research report on Monday, October 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $131.04.

Atlas Copco Price Performance

ATLKY stock opened at $12.13 on Wednesday. The stock has a market capitalization of $59.08 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 3.77 and a beta of 1.26. The company’s 50-day moving average is $10.26 and its 200-day moving average is $11.70. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.87. Atlas Copco has a 1 year low of $8.63 and a 1 year high of $17.87.

Atlas Copco (OTCMKTS:ATLKYGet Rating) last announced its quarterly earnings results on Wednesday, October 19th. The industrial products company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. Atlas Copco had a net margin of 17.05% and a return on equity of 30.71%. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Equities research analysts expect that Atlas Copco will post 0.44 EPS 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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Analyst Recommendations for Atlas Copco (OTCMKTS:ATLKY)

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