Atlas Copco AB (OTCMKTS:ATLKY) Receives Consensus Recommendation of “Hold” from Analysts

Atlas Copco AB (OTCMKTS:ATLKY – Get Rating) has received a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $127.86.

ATLKY has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of Atlas Copco from SEK 96 to SEK 101 in a research report on Tuesday, November 15th. Danske downgraded shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Societe Generale raised shares of Atlas Copco from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. HSBC downgraded shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. Finally, Barclays cut their price objective 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.

Atlas Copco Trading Up 2.0 %

Shares of ATLKY opened at $12.95 on Thursday. Atlas Copco has a 1-year low of $8.63 and a 1-year high of $16.14. The company has a 50-day moving average of $12.38 and a 200 day moving average of $11.00. The firm has a market capitalization of $63.08 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 3.56 and a beta of 1.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 0.82.

Atlas Copco (OTCMKTS:ATLKY – Get Rating) last posted its earnings results on Wednesday, October 19th. The industrial products company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.28 billion. Atlas Copco had a net margin of 17.05% and a return on equity of 30.95%. On average, research analysts expect that Atlas Copco will post 0.45 EPS for the current 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.