ATCO (TSE:ACO.X) Price Target Raised to C$94.00

Key Points

• National Bank Financial raised its ATCO price target from C$93 to C$94, maintaining a “sector perform” rating; the target implies 9.05% upside from the prior close.
• Analyst sentiment remains cautious overall: one analyst rates ATCO a Buy and five rate it Hold, with a consensus price target of C$82.71.
• ATCO reported quarterly EPS of C$1.00 and revenue of C$1.33 billion; analysts expect full-year EPS of C$4.20.

ATCO (TSE:ACO.X - Get Free Report) had its target price lifted by equities researchers at National Bank Financial from C$93.00 to C$94.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's price objective indicates a potential upside of 9.05% from the company's previous close.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of ATCO from C$80.00 to C$94.00 and gave the company a "sector perform" rating in a report on Thursday, October 8th. BMO Capital Markets boosted their price objective on shares of ATCO from C$72.00 to C$85.00 and gave the stock an "outperform" rating in a report on Thursday, July 30th. Scotiabank boosted their price objective on shares of ATCO from C$70.00 to C$79.00 and gave the stock a "sector perform" rating in a report on Tuesday, July 21st. Finally, Canadian Imperial Bank of Commerce cut their price objective on shares of ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$82.71.

ATCO Stock Performance

Shares of ACO.X traded up C$0.90 during mid-day trading on Monday, hitting C$86.20. The company's stock had a trading volume of 125,837 shares, compared to its average volume of 287,114. ATCO has a one year low of C$52.48 and a one year high of C$86.67. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The firm has a market capitalization of C$8.70 billion, a PE ratio of 53.88, a price-to-earnings-growth ratio of 3.80 and a beta of 0.27. The stock's 50-day moving average is C$77.11 and its two-hundred day moving average is C$71.49.

ATCO (TSE:ACO.X - Get Free Report) last announced its earnings results on Friday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. The business had revenue of C$1.33 billion for the quarter. As a group, sell-side analysts anticipate that ATCO will post 4.20 EPS for the current year.

ATCO Company Profile

As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.

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