Atlas Copco AB (OTCMKTS:ATLKY) Receives Consensus Recommendation of "Hold" from Brokerages - MarketBeat

2022-08-26 22:23:58 By : Mr. Mr. Yu

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Shares of Atlas Copco AB (OTCMKTS:ATLKY - Get Rating) have been given an average recommendation of "Hold" by the eleven research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $136.74.

Several brokerages recently commented on ATLKY. Sanford C. Bernstein downgraded shares of Atlas Copco from a "market perform" rating to an "underperform" rating and set a $84.00 price objective for the company. in a research note on Monday, July 11th. Morgan Stanley dropped their price target on shares of Atlas Copco from SEK 122.25 to SEK 116.50 and set an "equal weight" rating for the company in a research note on Wednesday, April 27th. Finally, Credit Suisse Group began coverage on shares of Atlas Copco in a research note on Friday, June 17th. They set a "hold" rating and a $141.10 price target for the company.Atlas Copco Stock Performance

Shares of OTCMKTS:ATLKY opened at $10.98 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. The firm has a market cap of $53.48 billion, a PE ratio of 24.13, a PEG ratio of 3.64 and a beta of 1.23. The company's 50 day moving average price is $10.32 and its two-hundred day moving average price is $12.87. Atlas Copco has a 12-month low of $8.75 and a 12-month high of $17.87.

Atlas Copco (OTCMKTS:ATLKY - Get Rating) last posted its quarterly earnings results on Tuesday, July 19th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.24 billion. Atlas Copco had a net margin of 16.85% and a return on equity of 29.83%. Equities research analysts predict that Atlas Copco will post 0.45 earnings per share for the current year. 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.Read MoreGet a free copy of the StockNews.com research report on Atlas Copco (ATLKY)2 EV Suppliers Powering To Gains After Raising Views Applied Materials Results Show A Slowing Semiconductor MarketMarketBeat: Week in Review 8/15 - 8/19Apple’s Stock Could Be On The Verge Of Another 30% RallyNear-Term Headwinds Present An Opportunity In Ross Stores

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