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

Shares of Atlas Copco AB (OTCMKTS:ATLKY) reached a new 52-week high on Monday . The company traded as high as $19.08 and last traded at $18.88, with a volume of 4693 shares trading hands. The stock had previously closed at $18.28.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ATLKY shares. Barclays upgraded Atlas Copco from a “hold” rating to an “overweight” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research report on Monday, October 27th. UBS Group downgraded shares of Atlas Copco to a “sell” rating in a research note on Tuesday, October 28th. Finally, Citigroup reiterated a “buy” rating on shares of Atlas Copco in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Atlas Copco presently has an average rating of “Hold”.

Atlas Copco Price Performance

The company has a market cap of $91.99 billion, a P/E ratio of 33.70, a P/E/G ratio of 8.33 and a beta of 1.40. The company’s 50-day moving average price is $17.26 and its 200-day moving average price is $16.73. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.52 and a quick ratio of 1.09.

Atlas Copco (OTCMKTS:ATLKY) last announced 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 during the quarter, compared to analyst estimates of $4.42 billion. As a group, sell-side analysts predict that Atlas Copco AB will post 0.55 earnings per share for the current fiscal 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.