Atlas Copco AB (OTCMKTS:ATLKY) Given Consensus Rating of “Hold” by Brokerages

Shares of Atlas Copco AB (OTCMKTS:ATLKY) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company.

ATLKY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Thursday, January 22nd. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a research note on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Finally, The Goldman Sachs Group lowered Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th.

Atlas Copco Trading Down 4.5%

OTCMKTS ATLKY opened at $17.89 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08. The stock has a market capitalization of $87.21 billion, a P/E ratio of 32.53, a PEG ratio of 2.46 and a beta of 1.41. The firm’s 50-day moving average is $20.56 and its two-hundred day moving average is $18.39. Atlas Copco has a 12 month low of $13.41 and a 12 month high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. The company had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.68 billion. On average, sell-side analysts anticipate that Atlas Copco will post 0.55 earnings per share for the current year.

About Atlas Copco

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.