Zacks Investment Research Upgrades Atlas Copco (ATLKY) to “Buy”

Atlas Copco (OTCMKTS:ATLKY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The firm currently has a $52.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.40% from the company’s previous close.

According to Zacks, “ATLAS COPCO is a world leading provider of industrial productivity solutions. The products and services range from compressed air and gas equipment, generators, construction and mining equipment, industrial tools and assembly systems, to related aftermarket and rental. In close cooperation with customers and business partners, and with 135 years of experience, Atlas Copco innovates for superior productivity. Headquartered in Stockholm, Sweden, the Group’s global reach spans more than 160 markets. “

Shares of Atlas Copco (ATLKY) opened at $47.10 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $39,080.00, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 1.92 and a beta of 0.98. Atlas Copco has a twelve month low of $30.78 and a twelve month high of $47.10.

Atlas Copco (OTCMKTS:ATLKY) last posted its earnings results on Wednesday, October 18th. The industrial products company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.50 billion. Atlas Copco had a return on equity of 30.57% and a net margin of 13.17%. equities analysts forecast that Atlas Copco will post 1.75 EPS for the current year.

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