ATCO (TSE:ACO.X) Price Target Raised to C$67.00 at TD Securities

ATCO (TSE:ACO.X) had its price target boosted by TD Securities from C$57.00 to C$67.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a hold rating on the stock.

ACO.X has been the topic of a number of other reports. Canadian Imperial Bank of Commerce upped their target price on shares of ATCO from C$68.00 to C$69.00 in a research report on Wednesday, January 21st. Scotiabank boosted their price target on shares of ATCO from C$56.00 to C$61.00 in a research note on Tuesday, December 16th. BMO Capital Markets raised their price objective on shares of ATCO from C$63.00 to C$69.00 in a research note on Friday, February 27th. Royal Bank Of Canada lifted their target price on shares of ATCO from C$59.00 to C$66.00 in a report on Friday, February 27th. Finally, National Bank Financial increased their price target on ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$64.33.

ATCO Price Performance

ATCO stock opened at C$65.41 on Tuesday. The business’s 50-day simple moving average is C$59.41 and its 200 day simple moving average is C$54.77. The stock has a market cap of C$7.33 billion, a price-to-earnings ratio of 17.08, a P/E/G ratio of 3.80 and a beta of 0.46. ATCO has a 12-month low of C$46.67 and a 12-month high of C$65.79. The company has a quick ratio of 1.48, a current ratio of 1.42 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.