Rothschild & Co Redburn Upgrades Atlas Copco (OTCMKTS:ATLKY) to Strong-Buy

Atlas Copco (OTCMKTS:ATLKY) was upgraded by stock analysts at Rothschild & Co Redburn from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts also recently commented on ATLKY. Pareto Securities downgraded Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, January 27th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Thursday, April 9th. Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Finally, The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Atlas Copco presently has a consensus rating of “Moderate Buy”.

Atlas Copco Stock Down 3.0%

ATLKY opened at $20.31 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.08 and a current ratio of 1.55. The business has a 50 day moving average price of $19.46 and a 200 day moving average price of $18.70. The firm has a market cap of $98.92 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.47. Atlas Copco has a twelve month low of $14.89 and a twelve month high of $22.05.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.68 billion. Atlas Copco had a return on equity of 24.94% and a net margin of 15.70%. Research analysts forecast that Atlas Copco will post 0.62 EPS 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.