ATCO (TSE:ACO.X – Get Free Report) had its target price hoisted by analysts at Royal Bank Of Canada from C$94.00 to C$99.00 in a research report issued on Monday, BayStreet reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada‘s price target suggests a potential upside of 14.85% from the stock’s current price.
Several other brokerages have also commented on ACO.X. 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 research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce dropped their target price on ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. BMO Capital Markets upped their target price on ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, National Bank Financial upped their target price on ATCO from C$93.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$82.71.
Check Out Our Latest Report on ACO.X
ATCO Price Performance
ACO.X traded up C$0.90 during trading on Monday, reaching C$86.20. The stock had a trading volume of 125,837 shares, compared to its average volume of 287,114. The business has a 50-day moving average of C$77.11 and a 200-day moving average of C$71.49. ATCO has a one year low of C$52.48 and a one year high of C$86.67. 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 stock has a market cap of C$8.70 billion, a PE ratio of 53.88, a PEG ratio of 3.80 and a beta of 0.27.
ATCO (TSE:ACO.X – Get Free Report) last issued its quarterly earnings results on Friday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. The firm had revenue of C$1.33 billion during the quarter. As a group, equities research analysts anticipate that ATCO will post 4.20 EPS for the current fiscal year.
ATCO Company Profile
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.
Further Reading
- Five stocks we like better than ATCO
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
- Want to Escape the AI Sell-Off? This ETF Offers a Surprising Alternative
Receive News & Ratings for ATCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATCO and related companies with MarketBeat.com's FREE daily email newsletter.
