ATCO (TSE:ACO.X) Price Target Raised to C$94.00

ATCO (TSE:ACO.X) had its price target upped by Royal Bank Of Canada from C$80.00 to C$94.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 17.56% from the stock’s current price.

ACO.X has been the topic of a number of other reports. Scotiabank lifted 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 raised their target price on shares of ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce dropped their price target on shares of ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Finally, National Bank Financial upped their price target on shares of ATCO from C$79.00 to C$93.00 and gave the stock a “sector perform” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$81.86.

ATCO Stock Performance

ACO.X stock traded down C$1.95 on Thursday, reaching C$79.96. The company’s stock had a trading volume of 366,416 shares, compared to its average volume of 277,826. ATCO has a 52 week low of C$50.45 and a 52 week high of C$85.00. The company has a market capitalization of C$9.00 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.20. The firm has a fifty day moving average of C$74.89 and a two-hundred day moving average of C$72.47. 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 announced its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. As a group, analysts predict that ATCO will post 4.1980634 EPS for the current fiscal year.

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.