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

ATCO Ltd. (TSE:ACO.X) has received a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$68.86.

ACO.X has been the topic of a number of research reports. Scotia increased their price objective on shares of ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Thursday. BMO Capital Markets increased their price objective on shares of ATCO from C$63.00 to C$69.00 in a research note 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. National Bank Financial increased their price objective on shares of ATCO from C$57.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of ATCO from C$72.00 to C$82.00 in a research note on Monday, April 20th.

ATCO Price Performance

Shares of ACO.X traded down C$0.24 during trading hours on Friday, reaching C$67.90. The company had a trading volume of 64,967 shares, compared to its average volume of 237,743. The firm has a 50 day simple moving average of C$67.41 and a 200-day simple moving average of C$60.40. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The company has a market capitalization of C$7.64 billion, a price-to-earnings ratio of 51.05, a PEG ratio of 3.80 and a beta of 0.46. ATCO has a 12-month low of C$47.52 and a 12-month high of C$72.37.

ATCO (TSE:ACO.X) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share (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%. Research analysts expect that ATCO will post 4.1980634 earnings per share for the current year.

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.