Posted by admin on Jul 18th, 2022
Atlas Copco AB (OTCMKTS:ATLKY – Get Rating) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 26,900 shares, an increase of 37.9% from the June 15th total of 19,500 shares. Based on an average trading volume of 1,101,900 shares, the days-to-cover ratio is currently 0.0 days.
ATLKY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Atlas Copco from SEK 166.25 to SEK 158.75 in a report on Friday, April 1st. Morgan Stanley cut their target price on shares of Atlas Copco from SEK 122.25 to SEK 116.50 and set an “equal weight” rating on the stock in a research report on Wednesday, April 27th. Sanford C. Bernstein downgraded shares of Atlas Copco from a “market perform” rating to an “underperform” rating and set a $84.00 target price on the stock. in a research report on Monday, July 11th. Credit Suisse Group began coverage on shares of Atlas Copco in a research report on Friday, June 17th. They set a “hold” rating and a $141.10 target price on the stock. Finally, Barclays cut their target price on shares of Atlas Copco from SEK 155 to SEK 140 and set an “equal weight” rating on the stock in a research report on Monday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $136.74.
Shares of ATLKY opened at $9.63 on Monday. The stock has a market capitalization of $46.91 billion, a P/E ratio of 21.52, a P/E/G ratio of 3.76 and a beta of 1.13. Atlas Copco has a twelve month low of $8.75 and a twelve month high of $17.87. The company has a 50 day moving average of $13.94 and a 200-day moving average of $13.71. The company has a quick ratio of 1.25, a current ratio of 1.69 and a debt-to-equity ratio of 0.28.
Atlas Copco (OTCMKTS:ATLKY – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Atlas Copco had a net margin of 16.71% and a return on equity of 29.42%. As a group, equities research analysts forecast that Atlas Copco will post 0.44 EPS for the current fiscal year.
Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.
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