Atlas Copco AB (OTCMKTS:ATLKY) Receives Average Recommendation of "Hold" from Brokerages

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) has earned a consensus rating of "Hold" from the ten research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have recently commented on ATLKY. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Atlas Copco in a report on Wednesday. Rothschild & Co Redburn raised shares of Atlas Copco from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 20th. The Goldman Sachs Group cut shares of Atlas Copco from a "strong-buy" rating to a "neutral" rating in a report on Thursday, February 5th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Atlas Copco in a research note on Thursday. Finally, Pareto Securities lowered shares of Atlas Copco from a "buy" rating to a "hold" rating in a report on Tuesday, January 27th.

Atlas Copco Stock Down 1.0%

ATLKY stock opened at $19.25 on Friday. The company has a market capitalization of $93.76 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.28 and a beta of 1.47. 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's 50 day moving average price is $19.22 and its two-hundred day moving average price is $18.78. Atlas Copco has a fifty-two week low of $14.89 and a fifty-two week high of $22.05.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.46 billion. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%. As a group, analysts forecast that Atlas Copco will post 0.66 earnings per share for the current fiscal 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.

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