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

Shares of Atlas Copco AB (OTCMKTS:ATLKY) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company.

ATLKY has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of Atlas Copco in a report on Tuesday, September 1st. Citigroup restated a “buy” rating on shares of Atlas Copco in a research note on Tuesday, September 8th. 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 upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 22nd.

Atlas Copco Stock Performance

OTCMKTS ATLKY opened at $21.12 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.27 and a quick ratio of 0.87. Atlas Copco has a 1-year low of $15.69 and a 1-year high of $22.42. The firm has a market capitalization of $102.87 billion, a P/E ratio of 37.05, a P/E/G ratio of 1.91 and a beta of 1.39. The business’s 50-day simple moving average is $21.18 and its 200-day simple moving average is $19.96.

Atlas Copco (OTCMKTS:ATLKY) last posted its earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share (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 for the quarter, compared to analyst estimates of $4.61 billion. Equities analysts predict 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.