ATCO (TSE:ACO.X) Sets New 12-Month High – Should You Buy?

ATCO Ltd. (TSE:ACO.X)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$53.40 and last traded at C$53.29, with a volume of 143451 shares trading hands. The stock had previously closed at C$52.95.

Wall Street Analysts Forecast Growth

ACO.X has been the subject of a number of recent analyst reports. Scotiabank lifted their price target on ATCO from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Monday, October 6th. TD Securities cut their target price on ATCO from C$56.00 to C$55.00 and set a “hold” rating on the stock in a research report on Friday, August 1st. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$56.25.

ATCO Price Performance

The firm has a market capitalization of C$6.12 billion, a PE ratio of 13.92, a P/E/G ratio of 3.80 and a beta of 0.35. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The company has a fifty day moving average price of C$50.23 and a two-hundred day moving average price of C$50.51.

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.