BMO Capital Markets Raises ATCO (TSE:ACO.X) Price Target to C$50.00

ATCO (TSE:ACO.X) had its price objective increased by BMO Capital Markets from C$49.00 to C$50.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the company. National Bankshares raised their price target on ATCO from C$38.00 to C$39.00 in a research report on Friday. Scotiabank reduced their target price on ATCO from C$43.00 to C$41.00 and set an outperform rating on the stock in a research report on Monday, April 22nd. CIBC boosted their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the company an outperform rating in a research note on Friday. Finally, Royal Bank of Canada lifted their target price on shares of ATCO from C$45.00 to C$46.00 and gave the company a sector perform rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$45.50.

ATCO Price Performance

ATCO stock opened at C$37.80 on Friday. The company has a market cap of C$3.77 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 3.80 and a beta of 0.68. ATCO has a one year low of C$32.90 and a one year high of C$45.59. The business has a fifty day moving average of C$37.41 and a two-hundred day moving average of C$37.40. The company has a debt-to-equity ratio of 131.44, a quick ratio of 1.48 and a current ratio of 1.14.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.