ATCO (TSE:ACO.X) Price Target Raised to C$69.00 at BMO Capital Markets

ATCO (TSE:ACO.X) had its price target hoisted by investment analysts at BMO Capital Markets from C$63.00 to C$69.00 in a report released on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 6.65% from the company’s current price.

A number of other research analysts also recently weighed in on ACO.X. Scotiabank increased their price objective on shares of ATCO from C$56.00 to C$61.00 in a research report on Tuesday, December 16th. 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. Royal Bank Of Canada raised their price target on ATCO from C$59.00 to C$66.00 in a research report on Friday. Canadian Imperial Bank of Commerce increased their target price on shares of ATCO from C$68.00 to C$69.00 in a report on Wednesday, January 21st. Finally, National Bank Financial raised their target price on ATCO from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$62.67.

ATCO Stock Up 2.8%

ACO.X traded up C$1.76 during midday trading on Friday, reaching C$64.70. The company’s stock had a trading volume of 132,291 shares, compared to its average volume of 223,835. The firm has a market capitalization of C$7.25 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 3.80 and a beta of 0.46. The stock’s 50-day moving average is C$58.81 and its 200-day moving average is C$54.41. ATCO has a 1 year low of C$46.45 and a 1 year high of C$65.34. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.

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.