Atlas Copco AB (OTCMKTS:ATLKY) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Atlas Copco has a consensus “Moderate Buy” rating among 10 analysts, with five buys, one strong buy, two holds and two sell recommendations.
• Recent analyst actions were mixed: Goldman Sachs upgraded the stock to “buy,” while Morgan Stanley and Citigroup maintained positive ratings; RBC reaffirmed an “underperform” rating.
• Shares opened at $21.07, near their 52-week high, while the latest quarter showed revenue of $4.66 billion—above estimates—but earnings per share of $0.15 missed consensus by $0.01.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) has received an average rating of "Moderate Buy" from the ten analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company.

A number of analysts have weighed in on ATLKY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Atlas Copco in a research report on Tuesday. Citigroup restated a "buy" rating on shares of Atlas Copco in a research note on Friday, July 17th. Royal Bank Of Canada reaffirmed an "underperform" rating on shares of Atlas Copco in a report on Wednesday, August 5th. Finally, 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.

Atlas Copco Stock Performance

Shares of Atlas Copco stock opened at $21.07 on Friday. The firm's fifty day simple moving average is $20.89 and its 200-day simple moving average is $19.93. Atlas Copco has a 12 month low of $15.69 and a 12 month high of $22.42. The stock has a market capitalization of $102.62 billion, a price-to-earnings ratio of 36.97, a PEG ratio of 1.87 and a beta of 1.41. 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 (OTCMKTS:ATLKY - Get Free Report) last issued its quarterly earnings results 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). Atlas Copco had a return on equity of 24.10% and a net margin of 15.66%.The business had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.61 billion. As a group, equities analysts forecast that Atlas Copco will post 0.66 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.

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