Atlas Copco AB Series A

Atlas Copco provides industrial productivity products and services. Co.'s operations are divided into four business areas: Compressor Technique (provides compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems), Industrial Technique (provides power tools, assembly systems, quality assurance products, software and service through a global network), Mining and Rock Excavation Technique (provides equipment for drilling and rock excavation), and Construction Technique (provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment).
  • TickerATCO A
  • ISINSE0011166610
  • ExchangeNasdaq Nordic Stockholm
  • SectorIndustrial Engineering
  • CountrySweden

Analysts

Anders Idborg ...
  • Olof Cederholm

Atlas Copco - CMD should only add to sky-high confidence

CMD on 26 November, focus on VT and CT Will point to credible LT growth drivers, hint on dividends Few worries in stock price after 70%+ 1Y return

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – November 2019

Q3 reports held up better than expected and the sector rallied 15% over the results season. At the same time, demand indicators continue to be mostly negative and point to further pressure on estimates for 2020 (particularly if currency support would wane). We favour names with company-specific drivers and valuation support, and continue to be cautious on unusually expensive low-beta names. Our key long ideas are: Alfa Laval, Electrolux, Metso, Nokian Tyres We are cautious on: Assa Abloy, Autoliv, Kone, Nibe

Anders Idborg ...
  • Casper Blom
  • Mads Thinggaard
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen

Talking Points - AP Møller Maersk (Hold): Getting its house in order

Tele2 (Sell) Post-results comment: Restoring pricing power key to growth EBITDA estimates increased by 6-8% Target price up to DKK 8,800 (DKK 8,100)

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Anders Idborg ...
  • Olof Cederholm

Atlas Copco - CMD should only add to sky-high confidence

CMD on 26 November, focus on VT and CT Will point to credible LT growth drivers, hint on dividends Few worries in stock price after 70%+ 1Y return

Anders Idborg ...
  • Karl Bokvist
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner – November 2019

Q3 reports held up better than expected and the sector rallied 15% over the results season. At the same time, demand indicators continue to be mostly negative and point to further pressure on estimates for 2020 (particularly if currency support would wane). We favour names with company-specific drivers and valuation support, and continue to be cautious on unusually expensive low-beta names. Our key long ideas are: Alfa Laval, Electrolux, Metso, Nokian Tyres We are cautious on: Assa Abloy, Autoliv, Kone, Nibe

Anders Idborg ...
  • Casper Blom
  • Mads Thinggaard
  • Øystein Elton Lodgaard
  • Peter Kurt Nielsen

Talking Points - AP Møller Maersk (Hold): Getting its house in order

Tele2 (Sell) Post-results comment: Restoring pricing power key to growth EBITDA estimates increased by 6-8% Target price up to DKK 8,800 (DKK 8,100)

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Thanks to a better fundamental star rating, ATLAS COPCO AB sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to ATLAS COPCO AB (SE), active in the Industrial Machinery industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 2 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as moderately risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 3, 2019, the closing price was SEK 292.00 and its expected value was estimated at SEK 279.52.

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Ibrahim Firdaus

Atlas Copco AB

Expert Corporate Governance Service (ECGS)

Atlas Copco - AGM 25 April 2019

In general, Atlas Copco is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10a, approval is sought for the (re-)election of the board of directors. In light of insufficient independent representation on the board of directors as well as concerns over the aggregate time commitments of no less than 4 directors, ECGS recommends to vote OPPOSE. Under ITEM 10b, the nomination committee proposes to re-appoint Mr. Hans Straberg as the Chairman of the board of directors. ECGS has various concerns over his re-appointment...

Atlas Copco AB – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2. ...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

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