ATCO (TSE:ACO.X) Hits New 52-Week High – Here’s What Happened

Shares of ATCO Ltd. (TSE:ACO.X) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$53.40 and last traded at C$53.29, with a volume of 143451 shares. The stock had previously closed at C$52.95.

Analyst Ratings Changes

ACO.X has been the topic of a number of recent analyst reports. Scotiabank increased their target price on ATCO from C$54.00 to C$55.00 and gave the stock a “sector perform” rating in a research note on Monday, October 6th. TD Securities cut their price target on shares of ATCO from C$56.00 to C$55.00 and set a “hold” rating on the stock in a report on Friday, August 1st. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$56.25.

ATCO Price Performance

The firm has a fifty day simple moving average of C$50.09 and a 200 day simple moving average of C$50.46. The company has a market capitalization of C$6.00 billion, a PE ratio of 13.63, a P/E/G ratio of 3.80 and a beta of 0.35. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

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.