Atlas Copco AB (OTCMKTS:ATLKY) Given Average Rating of “Hold” by Analysts

Shares of Atlas Copco AB (OTCMKTS:ATLKY) have been assigned an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company.

A number of brokerages have weighed in on ATLKY. Pareto Securities lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Friday, January 16th. Sanford C. Bernstein upgraded shares of Atlas Copco from a “hold” rating to an “outperform” rating in a report on Wednesday, January 7th. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Thursday. Finally, The Goldman Sachs Group lowered shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a report on Thursday, February 5th.

Atlas Copco Stock Up 1.8%

Shares of ATLKY opened at $19.70 on Tuesday. The firm has a market cap of $96.05 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 2.51 and a beta of 1.47. The company’s fifty day moving average is $19.54 and its two-hundred day moving average is $18.57. Atlas Copco has a fifty-two week low of $14.89 and a fifty-two week high of $22.05. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26.

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). The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. Analysts forecast 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.