National Bankshares Raises ATCO (TSE:ACO.X) Price Target to C$39.00

ATCO (TSE:ACO.X) had its price target lifted by investment analysts at National Bankshares from C$38.00 to C$39.00 in a research note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price target points to a potential upside of 3.17% from the stock’s current price.

ACO.X has been the subject of a number of other research reports. Scotiabank cut their price target on ATCO from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada increased their price target on ATCO from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. BMO Capital Markets increased their price target on ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Finally, CIBC cut their price target on ATCO from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$45.50.

ATCO Price Performance

Shares of ACO.X stock opened at C$37.80 on Friday. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48. ATCO has a one year low of C$32.90 and a one year high of C$45.59. The company’s fifty day moving average price is C$37.41 and its 200-day moving average price is C$37.38. The company has a market capitalization of C$3.77 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.80 and a beta of 0.68.

ATCO Company Profile

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.