ATCO (TSE:ACO.X) Sets New 12-Month High – What’s Next?

ATCO Ltd. (TSE:ACO.X) shares reached a new 52-week high during trading on Monday . The company traded as high as C$72.48 and last traded at C$72.19, with a volume of 10278 shares. The stock had previously closed at C$71.51.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Canadian Imperial Bank of Commerce upped their target price on ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. National Bank Financial boosted their price objective on shares of ATCO from C$62.00 to C$69.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. TD Securities raised their target price on shares of ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada lifted their target price on shares of ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets upped their price target on shares of ATCO from C$63.00 to C$69.00 in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATCO presently has an average rating of “Hold” and an average price target of C$69.86.

ATCO Stock Performance

The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The stock has a fifty day moving average price of C$68.97 and a two-hundred day moving average price of C$62.69. The company has a market capitalization of C$7.21 billion, a price-to-earnings ratio of 51.36, a PEG ratio of 3.80 and a beta of 0.36.

ATCO (TSE:ACO.X) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$1.47 EPS for the quarter. The business had revenue of C$1.43 billion for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. As a group, analysts forecast that ATCO Ltd. will post 4.1980634 EPS for the current fiscal year.

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.