ATCO (TSE:ACO.X) Rating Lowered to Hold at Credit Suisse Group

ATCO (TSE:ACO.XGet Rating) was downgraded by equities researchers at Credit Suisse Group to a “hold” rating in a report issued on Friday, MarketBeat.com reports. They presently have a C$49.00 target price on the stock. Credit Suisse Group’s target price suggests a potential upside of 7.10% from the company’s current price.

ACO.X has been the topic of several other research reports. Royal Bank of Canada lifted their target price on ATCO from C$47.00 to C$49.00 and gave the company a “sector perform” rating in a research note on Friday, April 29th. CSFB boosted their target price on shares of ATCO from C$48.00 to C$49.00 in a research report on Wednesday, April 13th. TD Securities upped their price objective on shares of ATCO from C$53.00 to C$55.00 and gave the stock a “buy” rating in a report on Friday, April 29th. National Bankshares boosted their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Monday, May 2nd. Finally, CIBC increased their target price on ATCO from C$52.00 to C$53.00 in a research note on Friday, April 29th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, ATCO currently has an average rating of “Buy” and a consensus price target of C$49.39.

ACO.X traded down C$1.38 during trading on Friday, reaching C$45.75. 175,265 shares of the company were exchanged, compared to its average volume of 251,595. ATCO has a 52 week low of C$40.00 and a 52 week high of C$48.04. The stock has a market cap of C$5.23 billion and a P/E ratio of 18.11. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 122.83. The firm has a 50 day moving average of C$45.04 and a 200 day moving average of C$42.96.

About ATCO (Get Rating)

ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing; modular facilities; construction and site support; workforce lodging; facility operations and maintenance; defense operations; and disaster and emergency management services.

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Analyst Recommendations for ATCO (TSE:ACO.X)

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