ATCO (TSE:ACO.X) Price Target Raised to C$57.00

ATCO (TSE:ACO.X) had its price target upped by equities researchers at TD Securities from C$55.00 to C$57.00 in a report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 2.70% from the stock’s previous close.

ACO.X has been the topic of a number of other reports. CIBC boosted their target price on ATCO from C$64.00 to C$67.00 in a report on Monday. Scotiabank increased their price target on ATCO from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Monday, October 6th. Finally, Royal Bank Of Canada increased their price objective on shares of ATCO from C$53.00 to C$59.00 in a research note on Monday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$59.50.

ATCO Stock Down 0.2%

TSE:ACO.X traded down C$0.10 during trading hours on Tuesday, reaching C$55.50. 74,236 shares of the stock were exchanged, compared to its average volume of 219,050. The stock has a market cap of C$6.25 billion, a PE ratio of 14.19, a PEG ratio of 3.80 and a beta of 0.37. The firm has a 50 day moving average of C$51.00 and a 200 day moving average of C$50.93. 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 has a twelve month low of C$44.42 and a twelve month high of C$56.29.

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.