Brokerages Set ATCO Ltd. (TSE:ACO.X) Target Price at C$69.86

ATCO Ltd. (TSE:ACO.X) has been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have covered the stock in the last year is C$69.86.

Several equities analysts recently issued reports on the company. BMO Capital Markets raised their price objective on ATCO from C$63.00 to C$69.00 in a research note on Friday, February 27th. TD Securities raised their price objective on ATCO from C$57.00 to C$67.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. National Bank Financial raised their price objective on ATCO from C$62.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Royal Bank Of Canada raised their price objective on ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, Scotia raised their price objective 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.

ATCO Stock Performance

ATCO stock opened at C$72.10 on Tuesday. The stock has a market cap of C$7.28 billion, a P/E ratio of 51.87, a price-to-earnings-growth ratio of 3.80 and a beta of 0.36. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The stock has a 50 day moving average of C$68.97 and a 200-day moving average of C$62.64. ATCO has a 52 week low of C$47.52 and a 52 week high of C$72.37.

ATCO (TSE:ACO.X) last released its earnings results on Wednesday, May 6th. The company reported C$1.47 EPS for the quarter. The company had revenue of C$1.43 billion during the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. On average, analysts expect that ATCO will post 4.1980634 EPS for the current fiscal 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.