Atlas Copco (OTCMKTS:ATLKY) Rating Increased to Buy at Zacks Investment Research

Atlas Copco (OTCMKTS:ATLKY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday, April 23rd. The brokerage presently has a $48.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.53% from the company’s previous close.

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. “

Separately, ValuEngine lowered Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd.

Shares of Atlas Copco traded up $0.36, hitting $41.91, during midday trading on Monday, according to 18,923 shares of the stock traded hands, compared to its average volume of 40,919. The company has a market cap of $35.09 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 1.72 and a beta of 1.06. The company has a quick ratio of 1.55, a current ratio of 2.06 and a debt-to-equity ratio of 0.39. Atlas Copco has a one year low of $36.03 and a one year high of $47.90.

About Atlas Copco

Atlas Copco AB, through its subsidiaries, provides productivity solutions worldwide. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, vacuum solutions, air and gas treatment equipment, and medical air solutions for use in manufacturing, oil and gas, and process industries.

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