ATCO (TSE:ACO.X) Stock Price Expected to Rise, TD Securities Analyst Says

ATCO (TSE:ACO.X) had its price objective increased by equities researchers at TD Securities from C$57.00 to C$67.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 2.15% from the company’s current price.

Several other equities analysts have also commented on the company. BMO Capital Markets increased their target price on ATCO from C$63.00 to C$69.00 in a report on Friday. National Bank Financial increased their price objective on ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Scotiabank raised their target price on ATCO from C$56.00 to C$61.00 in a research report on Tuesday, December 16th. Canadian Imperial Bank of Commerce upped their price target on ATCO from C$68.00 to C$69.00 in a report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their price objective on shares of ATCO from C$59.00 to C$66.00 in a report on Friday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, ATCO currently has a consensus rating of “Hold” and a consensus price target of C$64.33.

ATCO Stock Up 0.2%

Shares of ACO.X traded up C$0.16 during midday trading on Tuesday, reaching C$65.59. The stock had a trading volume of 113,558 shares, compared to its average volume of 230,416. ATCO has a 1-year low of C$46.67 and a 1-year high of C$65.79. The company’s fifty day simple moving average is C$59.21 and its two-hundred day simple moving average is C$54.67. The company has a market cap of C$7.35 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 3.80 and a beta of 0.46. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

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.