ATCO (TSE:ACO.X) Price Target Raised to C$94.00

ATCO (TSE:ACO.X – Free Report) had its price target hoisted by Royal Bank Of Canada from C$80.00 to C$94.00 in a research report sent to investors on Thursday,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

A number of other equities analysts also recently weighed in on ACO.X. National Bank Financial boosted their price target on shares of ATCO from C$79.00 to C$93.00 and gave the stock a “sector perform” rating in a report on Thursday. BMO Capital Markets increased their target price on shares of ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Scotiabank raised their price target on shares of ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce dropped their price objective on ATCO from C$88.00 to C$85.00 in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, ATCO presently has an average rating of “Hold” and a consensus price target of C$81.86.

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ATCO Stock Performance

Shares of ACO.X opened at C$79.76 on Thursday. The stock has a 50 day moving average of C$74.86 and a 200 day moving average of C$72.62. The company has a market capitalization of C$8.98 billion, a price-to-earnings ratio of 49.85, a PEG ratio of 3.80 and a beta of 0.20. ATCO has a 12 month low of C$50.50 and a 12 month high of C$85.00. 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 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%. As a group, sell-side analysts forecast that ATCO will post 4.20 earnings per share for the current year.

About ATCO

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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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