Atlas Copco (OTCMKTS:ATLKY) Sets New 1-Year High – Time to Buy?

Atlas Copco AB (OTCMKTS:ATLKY) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.00 and last traded at $20.00, with a volume of 6435 shares trading hands. The stock had previously closed at $19.46.

Analyst Ratings Changes

Several research firms have recently weighed in on ATLKY. Sanford C. Bernstein upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday. Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a research report on Monday, October 27th. Barclays raised shares of Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Finally, UBS Group cut shares of Atlas Copco to a “sell” rating in a report on Tuesday, October 28th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Atlas Copco Stock Up 1.9%

The stock’s fifty day moving average is $17.43 and its two-hundred day moving average is $16.86. The company has a current ratio of 1.52, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The firm has a market cap of $96.70 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 8.86 and a beta of 1.40.

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

Atlas Copco Company Profile

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.