ATCO Ltd. (TSE:ACO.X) Stock Rated “Hold” by Sell-Side Analysts

ATCO Ltd. (TSE:ACO.X) has earned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$81.86.

ACO.X has been the subject of several recent research reports. Scotiabank raised their price objective on shares of ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. BMO Capital Markets upped their target price on shares of ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. National Bank Financial increased their target price on shares of ATCO from C$79.00 to C$93.00 and gave the stock a “sector perform” rating in a report on Thursday, October 8th. Canadian Imperial Bank of Commerce reduced their target price on shares of ATCO from C$88.00 to C$85.00 in a report on Tuesday, September 22nd. Finally, Royal Bank Of Canada raised their price target on shares of ATCO from C$80.00 to C$94.00 and gave the company a “sector perform” rating in a research report on Thursday, October 8th.

ATCO Stock Performance

Shares of ATCO stock opened at C$86.46 on Friday. The business has a 50-day moving average of C$76.89 and a 200 day moving average of C$71.36. ATCO has a 12 month low of C$52.48 and a 12 month high of C$86.63. The stock has a market capitalization of C$8.73 billion, a price-to-earnings ratio of 54.04, a price-to-earnings-growth ratio of 3.80 and a beta of 0.27. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

ATCO Company Profile

As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.