ATCO (TSE:ACO.X) Sets New 52-Week High – Time to Buy?

ATCO Ltd. (TSE:ACO.X)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$72.48 and last traded at C$72.19, with a volume of 10278 shares traded. The stock had previously closed at C$71.51.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce raised their price objective on shares of ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. National Bank Financial lifted their price objective on ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. BMO Capital Markets boosted their target price on ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Finally, TD Securities increased their target price on ATCO from C$57.00 to C$67.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$69.86.

ATCO Stock Performance

The stock’s 50 day moving average price is C$68.97 and its two-hundred day moving average price is C$62.69. 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 firm has a market capitalization of C$7.21 billion, a price-to-earnings ratio of 51.36, a PEG ratio of 3.80 and a beta of 0.36.

ATCO (TSE:ACO.X) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$1.47 EPS for the quarter. The firm 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%. On average, analysts forecast that ATCO Ltd. will post 4.1980634 EPS for the current 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.