ATCO (TSE:ACO.X) Price Target Raised to C$57.00

ATCO (TSE:ACO.X) had its price target increased by TD Securities from C$55.00 to C$57.00 in a research note released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the stock. Scotiabank raised their price target on shares of ATCO from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Monday, October 6th. Royal Bank Of Canada increased their price objective on shares of ATCO from C$53.00 to C$59.00 in a research note on Monday. Finally, CIBC boosted their target price on shares of ATCO from C$64.00 to C$67.00 in a research note on Monday. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$59.50.

ATCO Stock Performance

TSE:ACO.X opened at C$56.87 on Tuesday. ATCO has a twelve month low of C$44.42 and a twelve month high of C$57.09. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The stock’s 50-day simple moving average is C$51.41 and its 200 day simple moving average is C$51.05. The firm has a market capitalization of C$6.40 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 3.80 and a beta of 0.37.

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.