ATCO (TSE:ACO.X) Sets New 1-Year High – Still a Buy?

ATCO Ltd. (TSE:ACO.X)’s stock price reached a new 52-week high on Friday . The company traded as high as C$73.97 and last traded at C$73.94, with a volume of 22184 shares. The stock had previously closed at C$73.40.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ACO.X. Scotia increased their target price on shares of ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. TD Securities boosted their price target 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. BMO Capital Markets upped their price target on shares of ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Royal Bank Of Canada increased their price objective on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce lifted their price objective on shares of ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$69.86.

ATCO Stock Up 0.7%

The business’s fifty day moving average price is C$69.70 and its two-hundred day moving average price is C$64.34. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The firm has a market capitalization of C$7.47 billion, a P/E ratio of 53.19, 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. ATCO had a net margin of 8.16% and a return on equity of 8.54%. The firm had revenue of C$1.43 billion during the quarter. Equities analysts expect that ATCO Ltd. will post 4.1980634 earnings per share for the current fiscal year.

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.