CSFB Reiterates “C$45.00” Price Target for ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X)

CSFB set a C$45.00 price objective on ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently issued reports on ACO.X. CIBC upped their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$45.00 to C$46.00 in a report on Friday, July 31st. TD Securities upped their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$51.00 to C$53.00 and gave the stock a buy rating in a report on Friday, July 31st. Credit Suisse Group raised ATCO LTD -CLASS I Common Stock (US funds) from a neutral rating to an outperform rating and upped their price objective for the stock from C$44.00 to C$45.00 in a report on Tuesday, June 23rd. Finally, BMO Capital Markets upped their price objective on ATCO LTD -CLASS I Common Stock (US funds) from C$44.00 to C$45.50 in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of C$48.81.

Shares of ACO.X opened at C$39.93 on Wednesday. The company has a market capitalization of $4.58 billion and a P/E ratio of 12.21. The company has a debt-to-equity ratio of 121.67, a current ratio of 2.29 and a quick ratio of 2.07. ATCO LTD -CLASS I Common Stock has a one year low of C$27.72 and a one year high of C$54.97. The business’s 50 day simple moving average is C$39.26 and its 200-day simple moving average is C$39.24.

In related news, insider Sentgraf Enterprises Ltd. bought 8,050 shares of ATCO LTD -CLASS I Common Stock (US funds) stock in a transaction that occurred on Wednesday, September 16th. The stock was purchased at an average cost of C$39.70 per share, with a total value of C$319,580.17. Following the purchase, the insider now owns 26,133,346 shares in the company, valued at C$1,037,478,156.19.

ATCO LTD -CLASS I Common Stock (US funds) Company Profile

ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The company operates through Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other segments. The Canadian Utilities Limited segment provides electricity services, such as electricity generation, transmission, distribution, and other related infrastructure solutions; and pipelines and liquid services that include integrated natural gas transmission, distribution and storage, industrial water solutions, and related infrastructure development, as well as retails natural gas and electricity.

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Analyst Recommendations for ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X)

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