Atlas Copco (OTCMKTS:ATLKY) Reaches New 1-Year High – Still a Buy?

Atlas Copco AB (OTCMKTS:ATLKY)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.08 and last traded at $18.88, with a volume of 4693 shares traded. The stock had previously closed at $18.28.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ATLKY shares. UBS Group downgraded Atlas Copco to a “sell” rating in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Monday, October 27th. Barclays upgraded shares of Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Sanford C. Bernstein upgraded shares of Atlas Copco to an “outperform” rating in a report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 28th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Atlas Copco has an average rating of “Hold”.

Atlas Copco Stock Performance

The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 0.27. The firm has a market cap of $93.06 billion, a P/E ratio of 34.09, a P/E/G ratio of 8.59 and a beta of 1.40. The business has a fifty day simple moving average of $17.30 and a 200-day simple moving average of $16.78.

Atlas Copco (OTCMKTS:ATLKY) last released its earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a net margin of 16.08% and a return on equity of 25.42%. The firm had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.42 billion. On average, sell-side analysts predict that Atlas Copco AB will post 0.55 EPS for the current fiscal year.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.