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

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

ATLKY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Atlas Copco in a report on Tuesday, July 21st. The Goldman Sachs Group upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd. Finally, Citigroup reiterated a “buy” rating on shares of Atlas Copco in a research report on Friday, July 17th.

Atlas Copco Stock Performance

ATLKY stock opened at $22.13 on Monday. The stock’s 50 day simple moving average is $20.18 and its 200 day simple moving average is $19.86. Atlas Copco has a 12-month low of $14.92 and a 12-month high of $22.42. The firm has a market cap of $107.79 billion, a P/E ratio of 38.83, a P/E/G ratio of 2.00 and a beta of 1.41. 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 (OTCMKTS:ATLKY) last released its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Atlas Copco had a return on equity of 24.10% and a net margin of 15.66%.The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.61 billion. As a group, equities research analysts predict that Atlas Copco will post 0.66 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.