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Atlas Copco AB (OTCMKTS:ATLKY - Get Rating) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 19,500 shares, a decline of 57.0% from the May 31st total of 45,400 shares. Based on an average daily trading volume, of 1,054,400 shares, the days-to-cover ratio is presently 0.0 days.

Several equities research analysts recently weighed in on the company. Sanford C. Bernstein raised Atlas Copco from an "underperform" rating to a "market perform" rating and set a $114.75 price target on the stock in a research note on Wednesday, March 9th. JPMorgan Chase & Co. cut their target price on Atlas Copco from SEK 166.25 to SEK 158.75 in a research note on Friday, April 1st. Credit Suisse Group started coverage on Atlas Copco in a research note on Friday, June 17th. They set a "hold" rating and a $141.10 target price for the company. Morgan Stanley reduced their price target on 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. Finally, Barclays reduced their price objective on Atlas Copco from SEK 155 to SEK 140 and set an "equal weight" rating for the company in a report on Monday, April 4th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $139.81.

OTCMKTS:ATLKY traded down $0.06 during mid-day trading on Thursday, hitting $9.52. The stock had a trading volume of 731,824 shares, compared to its average volume of 530,009. Atlas Copco has a twelve month low of $9.14 and a twelve month high of $17.87. The company's 50 day simple moving average is $14.40 and its 200 day simple moving average is $14.37. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 3.40 and a beta of 1.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.25 and a current ratio of 1.69.

Atlas Copco (OTCMKTS:ATLKY - Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The industrial products company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. Atlas Copco had a net margin of 16.71% and a return on equity of 29.42%. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.21 billion. As a group, equities analysts forecast that Atlas Copco will post 0.46 earnings per share for the current year.

About Atlas Copco (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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