BMO Capital Markets Forecasts Strong Price Appreciation for ATCO (TSE:ACO.X) Stock

ATCO (TSE:ACO.X) had its price objective boosted by BMO Capital Markets from C$63.00 to C$69.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective suggests a potential upside of 6.38% from the stock’s current price.

ACO.X has been the topic of a number of other reports. Canadian Imperial Bank of Commerce lifted their price objective on ATCO from C$68.00 to C$69.00 in a research note on Wednesday, January 21st. Royal Bank Of Canada raised their price target on shares of ATCO from C$59.00 to C$66.00 in a report on Friday. Scotiabank upped their price objective on shares of ATCO from C$56.00 to C$61.00 in a research note on Tuesday, December 16th. TD Securities increased their price objective on shares of ATCO from C$55.00 to C$57.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Finally, National Bank Financial lifted their target price on shares of ATCO from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, ATCO has a consensus rating of “Hold” and an average target price of C$62.67.

ATCO Stock Up 3.1%

Shares of ACO.X opened at C$64.86 on Friday. The stock’s 50-day moving average price is C$59.01 and its two-hundred day moving average price is C$54.54. ATCO has a 12 month low of C$46.45 and a 12 month high of C$65.34. The company has a market capitalization of C$7.27 billion, a PE ratio of 16.93, a PEG ratio of 3.80 and a beta of 0.46. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.

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.