ATCO Ltd. (TSE:ACO.X) Receives Average Recommendation of “Hold” from Analysts

ATCO Ltd. (TSE:ACO.X) has been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$72.43.

A number of analysts recently issued reports on ACO.X shares. National Bank Financial boosted their price target on ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their target price on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Scotiabank boosted their price target on ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Scotia upped their target price on ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th.

ATCO Stock Performance

ACO.X opened at C$78.09 on Wednesday. ATCO has a fifty-two week low of C$47.52 and a fifty-two week high of C$79.00. 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 company has a fifty day moving average of C$72.35 and a 200 day moving average of C$66.94. The stock has a market capitalization of C$7.88 billion, a price-to-earnings ratio of 56.18, a PEG ratio of 3.80 and a beta of 0.35.

ATCO (TSE:ACO.X) last issued 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 during the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. As a group, sell-side analysts forecast that ATCO 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.