Atlas Copco AB (OTCMKTS:ATLKY) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Atlas Copco holds a “Moderate Buy” consensus rating among 10 analysts: five rate it a buy, one a strong buy, two a hold and two a sell.
• Recent analyst actions were mixed but generally positive, with Goldman Sachs upgrading the stock to “buy,” while Citigroup and Morgan Stanley maintained bullish ratings; RBC reiterated “underperform.”
• The stock opened at $20.67, near its 52-week high of $22.42. In its latest quarter, Atlas Copco reported revenue of $4.66 billion—above expectations—but earnings per share of $0.15 missed the $0.16 consensus estimate.

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 firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities analysts have recently issued reports on the company. Citigroup reissued a "buy" rating on shares of Atlas Copco in a research report on Tuesday, September 8th. Morgan Stanley restated an "overweight" rating on shares of Atlas Copco in a report on Tuesday, September 1st. The Goldman Sachs Group upgraded shares of Atlas Copco from a "neutral" rating to a "buy" rating in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada reissued an "underperform" rating on shares of Atlas Copco in a research report on Wednesday, August 5th.

Atlas Copco Stock Performance

Atlas Copco stock opened at $20.67 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.87 and a current ratio of 1.27. The company has a market capitalization of $100.68 billion, a PE ratio of 36.26, a P/E/G ratio of 1.90 and a beta of 1.41. The company has a 50 day moving average price of $21.17 and a 200-day moving average price of $19.91. Atlas Copco has a fifty-two week low of $15.69 and a fifty-two week high of $22.42.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $4.66 billion for the quarter, compared to analysts' expectations of $4.61 billion. Atlas Copco had a return on equity of 24.10% and a net margin of 15.66%. As a group, equities analysts forecast that Atlas Copco will post 0.66 earnings per share for the current year.

About Atlas Copco

Atlas Copco AB is a Sweden-based industrial equipment and technology company founded in 1873. Headquartered in Nacka, Sweden, the company serves customers in manufacturing, construction, mining, infrastructure, energy and other industries through a global sales, service and distribution network.

Its product portfolio includes air compressors, dryers, gas and process systems, vacuum equipment, industrial power tools, assembly systems and automated manufacturing solutions. Atlas Copco also provides equipment and services for mining and construction, including drilling, rock excavation and related aftermarket support.

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