ATCO Ltd. (TSE:ACO.X) Receives Average Rating of "Hold" from Analysts

Key Points

• ATCO Ltd. has an average analyst rating of "Hold", based on five brokerages covering the stock. The average 12-month price target is C$68.86.
• Several analysts raised their price targets on ATCO, including Scotia, RBC, TD Securities, CIBC, and National Bank Financial, though most maintained neutral-style ratings such as hold or sector perform.
• The stock recently traded at C$67.90, near its 50-day average, and ATCO reported quarterly earnings of C$1.47 per share on revenue of C$1.43 billion.

Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) have been given an average rating of "Hold" by the five brokerages that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$68.86.

A number of equities analysts have commented on ACO.X shares. Scotia upped their price objective on shares of ATCO from C$67.00 to C$70.00 and gave the stock a "sector perform" rating in a research report on Thursday. Royal Bank Of Canada upped their price objective on shares of ATCO from C$66.00 to C$71.00 and gave the stock a "sector perform" rating in a research report on Thursday. TD Securities increased their price target on shares of ATCO from C$57.00 to C$67.00 and gave the company a "hold" rating in a report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce increased their price target on shares of ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. Finally, National Bank Financial increased their price target on shares of ATCO from C$57.00 to C$62.00 and gave the company a "sector perform" rating in a report on Friday.

ATCO Stock Performance

ACO.X traded down C$0.24 on Friday, hitting C$67.90. 64,967 shares of the company traded hands, compared to its average volume of 237,743. ATCO has a 12-month low of C$47.52 and a 12-month high of C$72.37. The company has a 50 day moving average of C$67.41 and a 200-day moving average of C$60.40. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The stock has a market capitalization of C$7.64 billion, a PE ratio of 51.05, a PEG ratio of 3.80 and a beta of 0.46.

ATCO (TSE:ACO.X - Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. The company had revenue of C$1.43 billion for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Sell-side analysts anticipate that ATCO will post 4.1980634 earnings per share for the current year.

About ATCO

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.

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