ATCO (TSE:ACO.X) PT Lowered to C$41.00

ATCO (TSE:ACO.X) had its price objective reduced by stock analysts at Scotiabank from C$43.00 to C$41.00 in a note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 11.50% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. BMO Capital Markets increased their target price on shares of ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. CIBC cut their target price on shares of ATCO from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Finally, Royal Bank of Canada increased their target price on shares of ATCO from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$45.00.

ATCO Price Performance

ACO.X opened at C$36.77 on Monday. The firm has a market cap of C$3.67 billion, a P/E ratio of 9.63, a PEG ratio of 3.80 and a beta of 0.68. The firm has a 50-day moving average of C$37.33 and a 200 day moving average of C$37.25. The company has a debt-to-equity ratio of 131.44, a quick ratio of 1.48 and a current ratio of 1.14. ATCO has a fifty-two week low of C$32.90 and a fifty-two week high of C$45.59.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.