ATCO (TSE:ACO.X) Sets New 52-Week High – Should You Buy?

ATCO Ltd. (TSE:ACO.X) hit a new 52-week high during trading on Tuesday. The company traded as high as C$85.00 and last traded at C$84.01, with a volume of 409261 shares changing hands. The stock had previously closed at C$74.18.

Wall Street Analyst Weigh In

ACO.X has been the topic of a number of recent research reports. National Bank Financial raised their price target on shares of ATCO from C$69.00 to C$79.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce cut their price objective on shares of ATCO from C$88.00 to C$85.00 in a report on Tuesday, September 22nd. Scotiabank increased their target price on shares of ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. BMO Capital Markets raised their target price on shares of ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Finally, Royal Bank Of Canada increased their price target on ATCO from C$71.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$77.86.

ATCO Price Performance

The firm has a market cap of C$9.15 billion, a P/E ratio of 50.81, a PEG ratio of 3.80 and a beta of 0.20. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The company’s 50-day moving average is C$74.76 and its two-hundred day moving average is C$72.26.

ATCO (TSE:ACO.X) last released its earnings results 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 anticipate that ATCO Ltd. will post 4.1980634 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.