Atlas Copco (OTCMKTS:ATLKY) Sets New 1-Year High – What’s Next?

Atlas Copco AB (OTCMKTS:ATLKY) hit a new 52-week high on Tuesday . The company traded as high as $21.4609 and last traded at $21.33, with a volume of 131103 shares. The stock had previously closed at $21.29.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research note on Friday, January 16th. UBS Group lowered Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Wednesday, January 7th. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Thursday, January 22nd. Finally, Pareto Securities cut Atlas Copco from a “buy” rating to a “hold” rating in a report on Tuesday. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Atlas Copco Trading Down 2.4%

The business has a 50 day moving average of $18.51 and a 200 day moving average of $17.24. The firm has a market capitalization of $100.33 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 9.95 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09.

Atlas Copco (OTCMKTS:ATLKY) last issued its earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.68 billion. Atlas Copco had a return on equity of 25.29% and a net margin of 15.70%. As a group, research analysts predict that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.

Atlas Copco Company Profile

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.