ATCO (TSE:ACO.X) Sets New 1-Year High – What’s Next?

ATCO Ltd. (TSE:ACO.X) hit a new 52-week high on Tuesday . The company traded as high as C$75.68 and last traded at C$75.28, with a volume of 201549 shares traded. The stock had previously closed at C$74.61.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Canadian Imperial Bank of Commerce upped their price objective on shares of ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. Royal Bank Of Canada increased their price target on ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. National Bank Financial raised their price target on 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. Finally, Scotia lifted their price objective on ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATCO currently has an average rating of “Hold” and a consensus target price of C$69.86.

ATCO Stock Performance

The stock has a fifty day simple moving average of C$71.27 and a 200-day simple moving average of C$66.03. The stock has a market cap of C$7.60 billion, a P/E ratio of 54.16, a PEG ratio of 3.80 and a beta of 0.35. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

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