Brokerages Set ATCO Ltd. (TSE:ACO.X) PT at C$72.43

ATCO Ltd. (TSE:ACO.X) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$72.43.

Several research firms recently commented on ACO.X. Scotia raised their target price on ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. National Bank Financial boosted their price target on ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Royal Bank Of Canada lifted their price objective on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce boosted their target price on shares of ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. Finally, Scotiabank increased their target price on shares of ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a research note on Tuesday.

ATCO Trading Down 0.4%

Shares of TSE ACO.X opened at C$79.75 on Wednesday. ATCO has a fifty-two week low of C$47.52 and a fifty-two week high of C$80.61. The firm has a market capitalization of C$8.05 billion, a P/E ratio of 57.37, a P/E/G ratio of 3.80 and a beta of 0.35. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The company’s 50 day simple moving average is C$72.97 and its 200 day simple moving average is C$67.35.

ATCO (TSE:ACO.X) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$1.43 billion for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. On average, analysts predict that ATCO will post 4.1980634 EPS for the current year.

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.