Atlas Copco (OTCMKTS:ATLKY) Hits New 52-Week High – Should You Buy?

Atlas Copco AB (OTCMKTS:ATLKY)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $22.06 and last traded at $21.9050, with a volume of 134981 shares changing hands. The stock had previously closed at $21.3850.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ATLKY shares. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. The Goldman Sachs Group upgraded shares of Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. Finally, Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Atlas Copco Stock Up 3.2%

The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $107.45 billion, a PE ratio of 38.70, a PEG ratio of 1.93 and a beta of 1.41. The firm’s fifty day moving average is $19.95 and its 200-day moving average is $19.81.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Atlas Copco had a net margin of 15.66% and a return on equity of 24.10%. On average, equities research analysts predict that Atlas Copco AB will post 0.65 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.