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

Atlas Copco AB (OTCMKTS:ATLKY) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities 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 assigned a strong buy recommendation to the company.

Several analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of Atlas Copco in a research report on Tuesday, September 1st. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Tuesday, September 8th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Wednesday, August 5th. Finally, The Goldman Sachs Group upgraded shares of Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd.

Atlas Copco Stock Performance

OTCMKTS ATLKY opened at $20.92 on Tuesday. The company has a 50-day simple moving average of $21.18 and a two-hundred day simple moving average of $20.00. Atlas Copco has a 12-month low of $15.69 and a 12-month high of $22.42. The firm has a market cap of $101.89 billion, a price-to-earnings ratio of 36.70, a PEG ratio of 1.91 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

Atlas Copco (OTCMKTS:ATLKY) 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 company had revenue of $4.66 billion during 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%. On average, equities analysts forecast that Atlas Copco will post 0.66 EPS 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.