Royal Bank of Canada downgraded shares of Atlas Copco (OTCMKTS:ATLKY – Get Rating) from a sector perform rating to an underperform rating in a report published on Monday, The Fly reports. Royal Bank of Canada currently has $110.00 price target on the industrial products company’s stock.
Other equities research analysts also recently issued reports about the company. Nordea Equity Research downgraded Atlas Copco from a buy rating to a hold rating in a research report on Friday. HSBC downgraded Atlas Copco from a buy rating to a hold rating in a research report on Wednesday, November 30th. Pareto Securities cut shares of Atlas Copco from a buy rating to a hold rating in a research note on Wednesday, November 30th. Barclays cut their price target on shares of Atlas Copco from SEK 105 to SEK 100 and set an equal weight rating for the company in a research note on Monday, October 3rd. Finally, Societe Generale upgraded shares of Atlas Copco from a hold rating to a buy rating in a research note on Friday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $129.15.
Atlas Copco Trading Up 0.6 %
Shares of OTCMKTS:ATLKY opened at $12.97 on Monday. The company has a market cap of $63.18 billion, a P/E ratio of 27.16, a P/E/G ratio of 3.56 and a beta of 1.27. The stock’s 50-day moving average is $12.33 and its 200-day moving average is $10.96. Atlas Copco has a 52-week low of $8.63 and a 52-week high of $16.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.82 and a current ratio of 1.24.
Atlas Copco Company Profile
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.
- Get a free copy of the StockNews.com research report on Atlas Copco (ATLKY)
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