Atlas Copco AB (ATLKY) - What Are Analysts Saying About This Stock?

Key Points

• Analysts hold a “Moderate Buy” consensus on Atlas Copco, with five buy ratings, one strong buy, two holds and two sells among 10 brokerages. Goldman Sachs recently upgraded the stock to buy, while RBC maintained an underperform rating.
• Atlas Copco shares opened at $17.73, down 1.6%, below both their 50-day and 200-day moving averages. The stock has traded between $15.69 and $22.42 over the past year and carries a P/E ratio of 30.05.
• The company’s latest quarterly results were mixed: revenue of $4.83 billion exceeded estimates, but earnings of $0.16 per share fell short of the $0.17 consensus forecast.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the ten brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Atlas Copco from a "neutral" rating to a "buy" rating in a research note on Wednesday, July 22nd. Citigroup reiterated a "buy" rating on shares of Atlas Copco in a report on Tuesday, October 13th. Royal Bank Of Canada reiterated an "underperform" rating on shares of Atlas Copco in a report on Wednesday, August 5th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Atlas Copco in a research note on Tuesday, September 1st.

Atlas Copco Trading Down 1.6%

Shares of OTCMKTS:ATLKY opened at $17.73 on Friday. The business's 50-day moving average is $20.77 and its 200 day moving average is $20.25. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 0.87. Atlas Copco has a 1 year low of $15.69 and a 1 year high of $22.42. The firm has a market capitalization of $86.36 billion, a P/E ratio of 30.05, a P/E/G ratio of 1.38 and a beta of 1.39.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). Atlas Copco had a net margin of 15.69% and a return on equity of 24.52%. The company had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.79 billion. On average, research analysts predict that Atlas Copco will post 0.64 earnings per share for the current fiscal year.

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.

The company's offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.

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