ATCO Ltd. (TSE:ACO.X) Stock Has Average Target Price of C$81.86

ATCO Ltd. (TSE:ACO.X) has been given a consensus recommendation of “Hold” by the six analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research 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 issued a report on the stock in the last year is C$81.86.

A number of analysts recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. National Bank Financial boosted their target price on ATCO from C$79.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce cut their target price on ATCO from C$88.00 to C$85.00 in a research note on Tuesday, September 22nd. Royal Bank Of Canada upped their target price on ATCO from C$80.00 to C$94.00 and gave the company a “sector perform” rating in a research note on Thursday, October 8th. Finally, Scotiabank increased their price target on ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st.

ATCO Trading Up 0.9%

Shares of ACO.X opened at C$82.44 on Friday. ATCO has a twelve month low of C$52.17 and a twelve month high of C$85.00. The company has a market cap of C$8.33 billion, a P/E ratio of 51.52, a P/E/G ratio of 3.80 and a beta of 0.20. 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’s fifty day simple moving average is C$76.00 and its 200-day simple moving average is C$70.68.

ATCO (TSE:ACO.X) last released its quarterly earnings results on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. As a group, analysts expect that ATCO will post 4.20 EPS for the current 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.