ATCO (TSE:ACO.X) Stock Gets Price Target Bump from National Bank Financial

Key Points

• National Bank Financial raised ATCO’s price target to C$93 from C$79 while maintaining a “sector perform” rating, implying 16.31% potential upside from the previous close.
• Analyst sentiment remains cautious: ATCO has a consensus “Hold” rating from six analysts, with a consensus target price of C$81.86, despite mixed target-price revisions from other brokerages.
• ATCO shares fell 2.4% to C$79.96 during Thursday trading. The company recently reported quarterly EPS of C$1.01 and has a market capitalization of approximately C$9 billion.

ATCO (TSE:ACO.X - Get Free Report) had its target price upped by National Bank Financial from C$79.00 to C$93.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's price target would suggest a potential upside of 16.31% from the company's previous close.

A number of other brokerages also recently weighed in on ACO.X. Scotiabank raised their price objective on ATCO from C$70.00 to C$79.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. BMO Capital Markets boosted their target price 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. Canadian Imperial Bank of Commerce decreased their price target on shares of ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of ATCO from C$71.00 to C$80.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$81.86.

ATCO Stock Down 2.4%

TSE:ACO.X traded down C$1.95 during trading hours on Thursday, reaching C$79.96. The company's stock had a trading volume of 366,416 shares, compared to its average volume of 277,826. The company has a market capitalization of C$9.00 billion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.20. ATCO has a 12 month low of C$50.45 and a 12 month high of C$85.00. 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 stock has a 50 day moving average price of C$74.89 and a two-hundred day moving average price of C$72.47.

ATCO (TSE:ACO.X - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share (EPS) for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Equities analysts predict that ATCO will post 4.1980634 EPS for the current fiscal 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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