Atlas Copco (ATLKY) Upgraded to Buy at Zacks Investment Research

Atlas Copco (OTCMKTS:ATLKY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $47.00 price target on the industrial products company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 8.11% 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. “

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Separately, ValuEngine cut shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd.

ATLKY stock opened at $43.48 on Tuesday. The company has a market cap of $35,573.52, a P/E ratio of 27.00, a P/E/G ratio of 1.72 and a beta of 1.04. Atlas Copco has a 1 year low of $34.88 and a 1 year high of $47.90. The company has a quick ratio of 1.55, a current ratio of 2.06 and a debt-to-equity ratio of 0.39.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Friday, January 26th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.03). The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.69 billion. Atlas Copco had a return on equity of 30.13% and a net margin of 14.33%. research analysts expect that Atlas Copco will post 1.98 earnings per share for the current fiscal year.

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Atlas Copco Company Profile

Atlas Copco AB, through its subsidiaries, provides productivity solutions worldwide. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, vacuum solutions, air and gas treatment equipment, and medical air solutions for use in manufacturing, oil and gas, and process industries.

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