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

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

A number of equities research analysts have recently commented on ATLKY shares. 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, October 13th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research report on Wednesday, August 5th. Finally, The Goldman Sachs Group raised Atlas Copco from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 22nd.

Atlas Copco Stock Down 1.6%

Shares of Atlas Copco stock opened at $17.73 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. Atlas Copco has a twelve month low of $15.69 and a twelve month high of $22.42. The business’s 50 day simple moving average is $20.77 and its 200-day simple moving average is $20.25. The stock has a market capitalization of $86.36 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 1.38 and a beta of 1.39.

Atlas Copco (OTCMKTS:ATLKY) last announced its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.79 billion. Atlas Copco had a return on equity of 24.52% and a net margin of 15.69%. Equities research analysts forecast that Atlas Copco will post 0.64 earnings per share for the current year.

About Atlas Copco

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.