Atlas Copco AB (ATLKY) – What Are Investment Firms Thinking About This Stock?

Atlas Copco AB (OTCMKTS:ATLKY) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of research firms have recently weighed in on ATLKY. The Goldman Sachs Group upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 13th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Atlas Copco in a report on Tuesday, September 1st.

Atlas Copco Price Performance

Shares of OTCMKTS ATLKY opened at $18.52 on Friday. Atlas Copco has a twelve month low of $15.69 and a twelve month high of $22.42. The firm has a fifty day simple moving average of $20.50 and a 200 day simple moving average of $20.11. The company has a market capitalization of $90.20 billion, a PE ratio of 31.39, a P/E/G ratio of 1.46 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 posted its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Atlas Copco had a return on equity of 24.52% and a net margin of 15.69%. The company had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.79 billion. On average, sell-side analysts forecast that Atlas Copco will post 0.64 EPS for the current year.

Atlas Copco Company Profile

Atlas Copco AB is a Sweden-based industrial technology company that develops and manufactures equipment, systems and services for a broad range of industrial applications. Its principal business areas include compressed-air and gas equipment, vacuum solutions, industrial tools and assembly systems, and power and flow equipment.

The company’s offerings include air compressors, dryers and treatment systems; vacuum pumps and related equipment; pneumatic, electric and battery-powered tools; automated assembly solutions; generators, pumps and construction equipment.