Posted by admin on Jul 1st, 2022
Atlas Copco AB (OTCMKTS:ATLKY – Get Rating) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 19,500 shares, a drop of 57.0% from the May 31st total of 45,400 shares. Based on an average trading volume of 1,054,400 shares, the days-to-cover ratio is presently 0.0 days.
ATLKY opened at $9.31 on Friday. The firm has a market cap of $45.35 billion, a PE ratio of 20.80, a P/E/G ratio of 3.40 and a beta of 1.09. The company has a quick ratio of 1.25, a current ratio of 1.69 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $14.32. Atlas Copco has a fifty-two week low of $9.14 and a fifty-two week high of $17.87.
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, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $3.22 billion during the quarter, compared to analyst estimates of $3.21 billion. Atlas Copco had a return on equity of 29.42% and a net margin of 16.71%. On average, equities research analysts anticipate that Atlas Copco will post 0.46 EPS for the current fiscal year.
Several research firms recently commented on ATLKY. Morgan Stanley lowered their target price 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. Barclays decreased their price target on Atlas Copco from SEK 155 to SEK 140 and set an “equal weight” rating for the company in a research note on Monday, April 4th. JPMorgan Chase & Co. decreased their price target on Atlas Copco from SEK 166.25 to SEK 158.75 in a research note on Friday, April 1st. Sanford C. Bernstein raised Atlas Copco from an “underperform” rating to a “market perform” rating and set a $114.75 price target for the company in a research note on Wednesday, March 9th. Finally, Credit Suisse Group assumed coverage on Atlas Copco in a research note on Friday, June 17th. They set a “hold” rating and a $141.10 price target for the company. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $139.81.
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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