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

Shares of ATCO Ltd. (TSE:ACO.X) have earned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$78.29.

A number of equities research analysts have recently commented on ACO.X shares. Scotia increased their price target on shares of ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Royal Bank Of Canada boosted their price objective on shares of ATCO from C$71.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. BMO Capital Markets upped their price objective on ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price objective on ATCO from C$85.00 to C$88.00 in a research report on Thursday, July 30th. Finally, Scotiabank increased their target price on 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.

ATCO Stock Performance

Shares of ATCO stock opened at C$74.37 on Friday. ATCO has a 1 year low of C$47.52 and a 1 year high of C$81.41. The firm’s 50-day moving average is C$75.60 and its 200 day moving average is C$70.05. The stock has a market cap of C$8.37 billion, a price-to-earnings ratio of 46.48, a PEG ratio of 3.80 and a beta of 0.37. 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 (TSE:ACO.X) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. Sell-side analysts anticipate that ATCO will post 4.1980634 EPS 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.