ATCO Ltd. (TSE:ACO.X – Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as C$74.78 and last traded at C$74.72, with a volume of 7348 shares changing hands. The stock had previously closed at C$74.47.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. Royal Bank Of Canada lifted their target price on shares of ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Scotia boosted their target price on ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, National Bank Financial upped their target price on ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$69.86.
Read Our Latest Analysis on ATCO
ATCO Stock Up 0.4%
ATCO (TSE:ACO.X – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%.The company had revenue of C$1.43 billion during the quarter. Analysts forecast that ATCO Ltd. will post 4.1980634 EPS for the current year.
About ATCO
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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