Atlas Copco (OTCMKTS:ATLKY) Sees Strong Trading Volume After Analyst Upgrade
by Scott Moore · The Cerbat GemAtlas Copco AB (OTCMKTS:ATLKY – Get Free Report) saw strong trading volume on Monday after Rothschild & Co Redburn upgraded the stock from a hold rating to a strong-buy rating. 656,609 shares were traded during mid-day trading, an increase of 149% from the previous session’s volume of 263,696 shares.The stock last traded at $20.85 and had previously closed at $20.82.
A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research report on Friday, January 16th. Sanford C. Bernstein raised Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. The Goldman Sachs Group downgraded shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. Finally, Pareto Securities downgraded shares of Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Atlas Copco has a consensus rating of “Moderate Buy”.
Check Out Our Latest Analysis on Atlas Copco
Atlas Copco Stock Up 0.3%
The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The stock has a market cap of $99.21 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 2.71 and a beta of 1.47. The firm has a fifty day moving average of $19.46 and a 200 day moving average of $18.70.
Atlas Copco (OTCMKTS:ATLKY – Get Free Report) last released its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $4.68 billion. On average, equities research analysts anticipate that Atlas Copco AB will post 0.62 EPS 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.