Atlas Copco (OTCMKTS:ATLKY) Shares Gap Up - Time to Buy?

Key Points

• Atlas Copco shares opened at $18.02, up from a previous close of $17.11, indicating a notable upward momentum in the stock price.
• BNP Paribas upgraded Atlas Copco from a "hold" to an "outperform" rating, contributing to an overall average rating of "Moderate Buy" among analysts.
• The company reported $0.14 earnings per share for the last quarter, meeting consensus estimates, with revenue totaling $4.22 billion.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $17.11, but opened at $18.02. Atlas Copco shares last traded at $18.08, with a volume of 1,835 shares trading hands.

Analyst Upgrades and Downgrades

Separately, BNP Paribas raised Atlas Copco from a "hold" rating to an "outperform" rating in a research note on Thursday, September 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy".

Atlas Copco Price Performance

The company has a market cap of $87.60 billion, a P/E ratio of 32.09, a PEG ratio of 8.80 and a beta of 1.41. The company has a fifty day simple moving average of $16.11 and a 200-day simple moving average of $16.08. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.55 and a quick ratio of 1.09.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Atlas Copco had a return on equity of 26.14% and a net margin of 16.22%.The firm had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $42.93 billion. On average, sell-side analysts predict that Atlas Copco AB will post 0.55 earnings per share for the current year.

Atlas Copco Company Profile

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.