ATCO Ltd. (TSE:ACO.X – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$72.48 and last traded at C$72.19, with a volume of 10278 shares. The stock had previously closed at C$71.51.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the company. BMO Capital Markets lifted their target price on ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price target on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. TD Securities lifted their price objective on ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. National Bank Financial upped their price objective on shares of ATCO from C$62.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Finally, Scotia increased their target price on shares of ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$69.86.
Check Out Our Latest Analysis on ATCO
ATCO Price Performance
ATCO (TSE:ACO.X – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. The firm had revenue of C$1.43 billion for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. On average, equities research analysts predict that ATCO Ltd. 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.
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