National Bank Financial Forecasts Strong Price Appreciation for ATCO (TSE:ACO.X) Stock

ATCO (TSE:ACO.X – Get Free Report) had its price target hoisted by equities researchers at National Bank Financial from C$79.00 to C$93.00 in a research note issued to investors on Thursday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 16.31% from the stock’s previous close.

ACO.X has been the subject of a number of other reports. BMO Capital Markets raised their price target on shares of ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Scotiabank raised their target price on shares of ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce decreased their target price on shares of ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Finally, Royal Bank Of Canada increased their price target on ATCO from C$71.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, ATCO has a consensus rating of “Hold” and an average target price of C$81.86.

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ATCO Stock Performance

Shares of TSE ACO.X traded down C$1.95 during mid-day trading on Thursday, hitting C$79.96. The stock had a trading volume of 366,416 shares, compared to its average volume of 277,826. The company has a 50 day moving average of C$74.89 and a two-hundred day moving average of C$72.47. ATCO has a twelve month low of C$50.45 and a twelve month high of C$85.00. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The firm has a market cap of C$9.00 billion, a PE ratio of 49.97, a PEG ratio of 3.80 and a beta of 0.20.

ATCO (TSE:ACO.X – Get Free Report) last announced its quarterly earnings data 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%. Research analysts predict that ATCO will post 4.1980634 EPS for the current fiscal year.

ATCO Company Profile

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As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.

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