ATCO (TSE:ACO.X) Price Target Raised to C$54.00

ATCO (TSE:ACO.X) had its price objective raised by National Bankshares from C$51.00 to C$54.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

ACO.X has been the topic of a number of other reports. CIBC upped their price target on ATCO from C$67.00 to C$68.00 in a report on Wednesday. TD Securities boosted their target price on ATCO from C$55.00 to C$57.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Scotiabank raised their price target on shares of ATCO from C$56.00 to C$61.00 in a report on Tuesday. Finally, Royal Bank Of Canada lifted their price target on shares of ATCO from C$53.00 to C$59.00 in a research note on Monday, November 10th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$59.80.

ATCO Price Performance

Shares of ACO.X opened at C$55.18 on Wednesday. ATCO has a twelve month low of C$44.42 and a twelve month high of C$57.09. The company has a market capitalization of C$6.19 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 3.80 and a beta of 0.38. The firm has a 50 day moving average of C$54.17 and a 200 day moving average of C$51.68. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.

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.