National Bankshares Boosts ATCO (TSE:ACO.X) Price Target to C$39.00

ATCO (TSE:ACO.X) had its target price hoisted by National Bankshares from C$38.00 to C$39.00 in a report published on Friday morning, BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. Scotiabank decreased their price objective on ATCO from C$43.00 to C$41.00 and set an outperform rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada raised their target price on shares of ATCO from C$45.00 to C$46.00 and gave the stock a sector perform rating in a research note on Friday, March 1st. CIBC dropped their price target on shares of ATCO from C$49.00 to C$48.00 and set an outperform rating for the company in a research report on Friday, April 19th. Finally, BMO Capital Markets raised 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 report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, ATCO presently has an average rating of Moderate Buy and a consensus price target of C$45.50.

ATCO Price Performance

ACO.X stock opened at C$37.80 on Friday. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 3.80 and a beta of 0.68. The company has a debt-to-equity ratio of 131.44, a quick ratio of 1.48 and a current ratio of 1.14. The business’s 50-day moving average is C$37.41 and its two-hundred day moving average is C$37.40. ATCO has a fifty-two week low of C$32.90 and a fifty-two week high of C$45.59.

ATCO Company Profile

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.