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

Key Points

• ATCO has a consensus “Hold” rating from six analysts: five recommend holding the stock and one recommends buying it. The average 12-month price target is C$78.29.
• Analysts have generally raised their targets, with recent objectives ranging from C$79 at Scotiabank to C$88 at CIBC; BMO upgraded its view to “outperform” with an C$85 target.
• ATCO shares opened at C$76.90, near the analyst average target, while the company reported quarterly EPS of C$1.01 and analysts expect full-year EPS of approximately C$4.20.

ATCO Ltd. (TSE:ACO.X - Get Free Report) has been given a consensus rating of "Hold" by the six brokerages that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$78.29.

Several brokerages recently weighed in on ACO.X. Scotiabank upped their target price 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. Scotia raised their price target on ATCO from C$67.00 to C$70.00 and gave the company a "sector perform" rating in a report on Thursday, May 7th. BMO Capital Markets raised their price target on ATCO from C$72.00 to C$85.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their price objective on ATCO from C$85.00 to C$88.00 in a research report on Thursday, July 30th. Finally, Royal Bank Of Canada upped their price objective on 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.

ATCO Price Performance

Shares of TSE:ACO.X opened at C$76.90 on Friday. The firm's 50 day moving average price is C$75.20 and its 200-day moving average price is C$69.45. ATCO has a twelve month low of C$47.52 and a twelve month high of C$81.41. 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$8.65 billion, a PE ratio of 48.06, a price-to-earnings-growth ratio of 3.80 and a beta of 0.37.

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