Posted by admin on May 25th, 2022
Atlas Copco (OTCMKTS:ATLKY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday, Zacks.com reports.
According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “
Several other brokerages have also issued reports on ATLKY. Pareto Securities upgraded shares of Atlas Copco from a “hold” rating to a “buy” rating in a research note on Wednesday, January 26th. UBS Group raised their price objective on shares of Atlas Copco from SEK 160 to SEK 168.75 in a report on Friday, January 28th. Kepler Capital Markets raised shares of Atlas Copco from a “hold” rating to a “buy” rating and set a $153.75 price target on the stock in a report on Wednesday, January 26th. Sanford C. Bernstein raised shares of Atlas Copco from an “underperform” rating to a “market perform” rating and set a $114.75 price target on the stock in a report on Wednesday, March 9th. Finally, Barclays reduced their price objective 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. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Atlas Copco presently has a consensus rating of “Hold” and a consensus price target of $127.30.
Shares of OTCMKTS:ATLKY traded up $0.10 during trading on Wednesday, reaching $10.85. The company had a trading volume of 1,456,544 shares, compared to its average volume of 529,114. Atlas Copco has a 12 month low of $9.64 and a 12 month high of $17.87. The stock has a market capitalization of $13.21 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 3.45 and a beta of 1.09. The company has a fifty day moving average of $15.77 and a two-hundred day moving average of $15.37. The company has a current ratio of 1.67, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31.
Atlas Copco Company Profile (Get Rating)
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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