ATCO (TSE:ACO.X) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

ATCO (TSE:ACO.X) had its target price upped by equities research analysts at Royal Bank Of Canada from C$59.00 to C$66.00 in a note issued to investors on Friday,BayStreet.CA reports. Royal Bank Of Canada’s target price indicates a potential upside of 1.76% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. National Bank Financial upped their price target on shares of ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Canadian Imperial Bank of Commerce raised their target price on ATCO from C$68.00 to C$69.00 in a research report on Wednesday, January 21st. Scotiabank upped their price target on ATCO from C$56.00 to C$61.00 in a research report on Tuesday, December 16th. Finally, TD Securities increased their price objective on ATCO from C$55.00 to C$57.00 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$62.67.

ATCO Trading Up 3.1%

ACO.X opened at C$64.86 on Friday. ATCO has a 12-month low of C$46.45 and a 12-month high of C$65.34. The firm’s fifty day moving average price is C$59.01 and its 200 day moving average price is C$54.54. The stock has a market capitalization of C$7.27 billion, a PE ratio of 16.93, a P/E/G ratio of 3.80 and a beta of 0.46. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.