Atlas Copco AB (OTCMKTS:ATLKY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Atlas Copco AB (OTCMKTS:ATLKY) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating on the company.

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

Atlas Copco Stock Up 1.7%

Atlas Copco stock opened at $21.07 on Friday. The stock’s 50 day moving average price is $20.89 and its 200 day moving average price is $19.93. Atlas Copco has a 1-year low of $15.69 and a 1-year high of $22.42. The company has a market cap of $102.62 billion, a PE ratio of 36.97, a price-to-earnings-growth 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) last released its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $4.61 billion. On average, sell-side analysts predict that Atlas Copco will post 0.66 EPS for the current fiscal 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.