CIBC Raises ATCO (TSE:ACO.X) Price Target to C$49.00

ATCO (TSE:ACO.X) had its price objective upped by CIBC from C$48.00 to C$49.00 in a research report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also commented on ACO.X. National Bankshares upped their price target on ATCO from C$38.00 to C$39.00 in a report on Friday. BMO Capital Markets upped their target price on shares of ATCO from C$48.00 to C$49.00 and gave the company an outperform rating in a research note on Friday, March 1st. Scotiabank reduced their price target on shares of ATCO from C$43.00 to C$41.00 and set an outperform rating for the company in a report on Monday, April 22nd. Finally, Royal Bank of Canada boosted their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the stock a sector perform rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of C$45.50.

ATCO Price Performance

Shares of TSE:ACO.X opened at C$38.26 on Friday. The company has a market cap of C$3.82 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 3.80 and a beta of 0.68. The business has a 50 day moving average price of C$37.43 and a 200 day moving average price of C$37.43. 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 has a twelve month low of C$32.90 and a twelve month high of C$45.59.

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.