Posted by admin on Jul 12th, 2022
Sanford C. Bernstein downgraded shares of Atlas Copco (OTCMKTS:ATLKY – Get Rating) from a market perform rating to an underperform rating in a research note released on Monday, The Fly reports. The brokerage currently has $84.00 price target on the industrial products company’s stock.
Other equities research analysts have also issued reports about the stock. Jefferies Financial Group raised shares of Atlas Copco from an underperform rating to a hold rating and set a $130.00 target price on the stock in a research note on Wednesday, March 16th. Morgan Stanley lowered their target price on shares of Atlas Copco from SEK 122.25 to SEK 116.50 and set an equal weight rating on the stock in a research note on Wednesday, April 27th. Barclays lowered their target price on shares of Atlas Copco from SEK 155 to SEK 140 and set an equal weight rating on the stock in a research note on Monday, April 4th. JPMorgan Chase & Co. reduced their price target on shares of Atlas Copco from SEK 166.25 to SEK 158.75 in a research report on Friday, April 1st. Finally, Credit Suisse Group assumed coverage on shares of Atlas Copco in a research report on Friday, June 17th. They set a hold rating and a $141.10 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $136.74.
OTCMKTS:ATLKY opened at $9.43 on Monday. Atlas Copco has a one year low of $8.75 and a one year high of $17.87. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.25 and a current ratio of 1.69. The firm has a market cap of $45.93 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.80 and a beta of 1.13. The firm’s fifty day moving average is $14.04 and its two-hundred day moving average is $13.93.
Atlas Copco (OTCMKTS:ATLKY – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Atlas Copco had a net margin of 16.71% and a return on equity of 29.42%. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.21 billion. As a group, equities research analysts predict that Atlas Copco will post 0.45 earnings per share for the current fiscal 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.
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