ATCO Ltd. (TSE:ACO.X) Given Average Recommendation of “Hold” by Analysts

ATCO Ltd. (TSE:ACO.X) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$78.29.

Several equities analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of ATCO from C$71.00 to C$80.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Scotiabank upped their target price on ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. National Bank Financial increased their price target on ATCO from C$69.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Scotia raised their price target 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, Canadian Imperial Bank of Commerce upped their price objective on ATCO from C$85.00 to C$88.00 in a research report on Thursday, July 30th.

ATCO Stock Performance

TSE ACO.X opened at C$76.90 on Friday. The company has a market cap of C$8.65 billion, a P/E ratio of 48.06, a P/E/G ratio of 3.80 and a beta of 0.37. 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 business’s 50 day moving average price is C$75.20 and its 200-day moving average price is C$69.45. ATCO has a fifty-two week low of C$47.52 and a fifty-two week high of C$81.41.

ATCO (TSE:ACO.X) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. Sell-side analysts predict that ATCO will post 4.1980634 earnings per share for the current year.

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.