Atlas Copco (OTCMKTS:ATLKY) Downgraded by Zacks Investment Research

Atlas Copco (OTCMKTS:ATLKY – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Tuesday, Zacks.com reports.

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. “

A number of other brokerages have also weighed in on ATLKY. JPMorgan Chase & Co. lowered their target price on Atlas Copco from SEK 166.25 to SEK 158.75 in a research note on Friday, April 1st. UBS Group raised their target price on Atlas Copco from SEK 160 to SEK 168.75 in a report on Friday, January 28th. Jefferies Financial Group raised Atlas Copco from an “underperform” rating to a “hold” rating and set a $130.00 price objective on the stock in a report on Wednesday, March 16th. Morgan Stanley lowered their target price on Atlas Copco from SEK 122.25 to SEK 116.50 and set an “equal weight” rating for the company in a research report on Wednesday, April 27th. Finally, Sanford C. Bernstein raised Atlas Copco from an “underperform” rating to a “market perform” rating and set a $114.75 target price for the company in a research report on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Atlas Copco currently has an average rating of “Hold” and an average target price of $127.30.

OTCMKTS:ATLKY traded up $1.81 on Tuesday, hitting $42.75. The company’s stock had a trading volume of 128,957 shares, compared to its average volume of 130,973. The company has a current ratio of 1.67, a quick ratio of 1.23 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $13.55 and a two-hundred day moving average of $14.72. The firm has a market capitalization of $52.06 billion, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 3.53 and a beta of 1.09. Atlas Copco has a one year low of $40.89 and a one year high of $71.47.

About Atlas Copco (Get Rating)

Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.

Featured Stories