ATCO Ltd. (TSE:ACO.X) Given Average Rating of “Moderate Buy” by Brokerages

ATCO Ltd. (TSE:ACO.X) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$45.50.

Several research analysts have commented on ACO.X shares. BMO Capital Markets lifted their price target on ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. CIBC lifted their target price on ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Scotiabank downgraded ATCO from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$46.00 to C$43.00 in a research note on Wednesday, January 24th. Finally, Royal Bank of Canada lifted their target price on ATCO from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st.

ATCO Trading Up 1.6 %

ACO.X opened at C$36.21 on Friday. The firm has a market cap of C$3.61 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 3.80 and a beta of 0.68. ATCO has a 52 week low of C$32.90 and a 52 week high of C$45.59. The business’s 50 day moving average is C$37.33 and its two-hundred day moving average is C$37.16. The company has a quick ratio of 1.48, a current ratio of 1.14 and a debt-to-equity ratio of 131.44.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.