Atlas Copco (OTCMKTS:ATLKY) Reaches New 52-Week High – Time to Buy?

Atlas Copco AB (OTCMKTS:ATLKY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $18.55 and last traded at $18.15, with a volume of 9545 shares. The stock had previously closed at $18.18.

Wall Street Analyst Weigh In

ATLKY has been the topic of several research analyst reports. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 28th. UBS Group cut shares of Atlas Copco to a “sell” rating in a report on Tuesday, October 28th. BNP Paribas upgraded shares of Atlas Copco from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. Barclays raised shares of Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research note on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Atlas Copco Stock Down 0.2%

The business’s fifty day moving average price is $17.21 and its 200 day moving average price is $16.64. The firm has a market capitalization of $88.48 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 9.12 and a beta of 1.40. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings data on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. On average, equities analysts expect that Atlas Copco AB will post 0.55 EPS for the current year.

Atlas Copco Company Profile

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.