|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||67.69 - 68.41|
|52 Week Range||43.83 - 68.75|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||6.97|
|Forward Dividend & Yield||0.87 (1.42%)|
|Ex-Dividend Date||Oct 22, 2021|
|1y Target Est||N/A|
Atlas Copco AB (ATLKY) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Atlas Copco AB (ATLKY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Swedish engineering group Atlas Copco expects near-term demand to remain high after rising demand from chip makers helped it beat quarterly earnings and order forecasts. Atlas, which makes compressors, vacuum pumps and industrial tools, said on Tuesday that the strong order growth was mainly due to higher demand for its vacuum equipment from the semiconductor industry. Several factors including consumers stocking up on electronic products during the coronavirus pandemic and buying more cars than expected are behind the chip shortage, while auto makers are competing aggressively with the consumer electronics industry for supplies.