Posted by admin on Aug 18th, 2022
Shares of Atlas Copco AB (OTCMKTS:ATLKY – Get Rating) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.96 and traded as low as $11.03. Atlas Copco shares last traded at $11.14, with a volume of 213,499 shares.
Several analysts have recently commented on ATLKY shares. Morgan Stanley reduced their price target 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 report on Wednesday, April 27th. 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 objective for the company. Finally, Sanford C. Bernstein cut shares of Atlas Copco from a “market perform” rating to an “underperform” rating and set a $84.00 target price for the company. in a report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $136.74.
The stock has a market capitalization of $54.26 billion, a price-to-earnings ratio of 24.48, a PEG ratio of 3.76 and a beta of 1.23. The company’s 50 day moving average is $10.31 and its 200 day moving average is $12.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.87 and a current ratio of 1.29.
Atlas Copco (OTCMKTS:ATLKY – Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.24 billion. Atlas Copco had a net margin of 16.85% and a return on equity of 29.83%. On average, research analysts forecast that Atlas Copco AB will post 0.45 EPS for the current fiscal year.
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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