Royal Bank Of Canada Issues Positive Forecast for ATCO (TSE:ACO.X) Stock Price

ATCO (TSE:ACO.X) had its price objective lifted by Royal Bank Of Canada from C$66.00 to C$71.00 in a report published on Thursday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Several other research analysts also recently commented on ACO.X. Scotia lifted their price target on shares of ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Thursday. BMO Capital Markets boosted their price objective on ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. TD Securities boosted their price objective on ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce boosted their price objective on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$67.71.

ATCO Trading Up 0.5%

ACO.X stock opened at C$68.14 on Thursday. The company has a market capitalization of C$7.67 billion, a PE ratio of 51.23, a price-to-earnings-growth ratio of 3.80 and a beta of 0.46. ATCO has a one year low of C$47.52 and a one year high of C$72.37. The company’s 50 day moving average price is C$67.41 and its two-hundred day moving average price is C$60.40. 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 (TSE:ACO.X) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$1.43 billion for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. As a group, analysts predict that ATCO will post 4.1980634 earnings per share for the current fiscal 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.