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

Atlas Copco AB (OTCMKTS:ATLKY) has been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company.

A number of research analysts recently commented on ATLKY shares. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Wednesday, August 5th. Morgan Stanley reiterated an “overweight” rating on shares of Atlas Copco in a research note on Tuesday, September 1st. Citigroup reissued a “buy” rating on shares of Atlas Copco in a report on Tuesday, September 8th. 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 Price Performance

Atlas Copco stock opened at $20.60 on Tuesday. The stock’s fifty day moving average price is $21.18 and its two-hundred day moving average price is $19.95. Atlas Copco has a one year low of $15.69 and a one year high of $22.42. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 0.87. The firm has a market cap of $100.33 billion, a PE ratio of 36.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.39.

Atlas Copco (OTCMKTS:ATLKY) last released its 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). The company had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.61 billion. Atlas Copco had a net margin of 15.66% and a return on equity of 24.10%. As a group, research analysts expect that Atlas Copco will post 0.66 EPS for the current fiscal 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.