ATCO Ltd. (TSE:ACO.X) Receives Average Recommendation of “Hold” from Brokerages

ATCO Ltd. (TSE:ACO.X – Get Free Report) has received an average recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$78.29.

ACO.X has been the topic of a number of analyst reports. Scotiabank increased their price objective on ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. BMO Capital Markets boosted their target price on ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their target price on ATCO from C$85.00 to C$88.00 in a research report on Thursday, July 30th. Royal Bank Of Canada increased their price target on ATCO from C$71.00 to C$80.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, National Bank Financial lifted their price target on shares of ATCO from C$69.00 to C$79.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st.

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ATCO Trading Up 0.4%

Shares of TSE:ACO.X opened at C$73.73 on Thursday. The stock has a market capitalization of C$8.30 billion, a PE ratio of 46.08, a P/E/G ratio of 3.80 and a beta of 0.28. ATCO has a 1 year low of C$47.52 and a 1 year high of C$81.41. The firm has a fifty day moving average price of C$76.00 and a 200 day moving average price of C$71.32. 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 (TSE:ACO.X – Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Analysts expect that ATCO will post 4.1980634 EPS for the current fiscal year.

About ATCO

(Get Free Report)

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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