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

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

ATLKY has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a report on Friday, July 17th. Morgan Stanley restated an “overweight” rating on shares of Atlas Copco in a research report on Tuesday. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th.

Atlas Copco Trading Up 1.7%

Atlas Copco stock opened at $20.83 on Thursday. Atlas Copco has a 52-week low of $14.89 and a 52-week high of $22.05. The company has a market cap of $101.45 billion, a P/E ratio of 36.54, a P/E/G ratio of 1.86 and a beta of 1.42. The company has a quick ratio of 1.20, a current ratio of 1.70 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $19.61 and a two-hundred day simple moving average of $19.72.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The business had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.61 billion. Atlas Copco had a return on equity of 23.81% and a net margin of 15.66%. Analysts predict that Atlas Copco will post 0.65 EPS for the current year.

About Atlas Copco

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.