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Atlas Copco (OTCMKTS:ATLKY - Get Rating) was downgraded by research analysts at Sanford C. Bernstein from a "market perform" rating to an "underperform" rating in a report issued on Monday, The Fly reports.

A number of other analysts have also issued reports on the stock. 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. JPMorgan Chase & Co. dropped their price target on shares of Atlas Copco from SEK 166.25 to SEK 158.75 in a research note on Friday, April 1st. Barclays dropped their price target on shares of 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. Jefferies Financial Group upgraded shares of Atlas Copco from an "underperform" rating to a "hold" rating and set a $130.00 price target for the company in a research note on Wednesday, March 16th. Finally, Credit Suisse Group assumed coverage on shares of Atlas Copco in a research note on Friday, June 17th. They issued a "hold" rating and a $141.10 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $139.81.

Atlas Copco stock opened at $9.75 on Monday. The stock's 50 day moving average price is $14.07 and its 200 day moving average price is $13.99. The firm has a market capitalization of $47.49 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 3.80 and a beta of 1.13. 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 has a one year low of $8.75 and a one year high of $17.87.

Atlas Copco (OTCMKTS:ATLKY - Get Rating) last released its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $3.22 billion for 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, analysts forecast that Atlas Copco will post 0.45 earnings per share for the current fiscal 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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