ATCO Ltd. (TSE:ACO.X) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• ATCO Ltd. has a consensus rating of “Hold” from the five brokerages covering the stock, with an average 12-month target price of C$72.43.
• Several analysts recently raised their price targets on ATCO, including Scotia, National Bank Financial, RBC, CIBC, and Scotiabank, though most maintained “sector perform” style ratings.
• The stock was trading at C$78.09, near its 52-week high of C$79.00, after ATCO reported quarterly EPS of C$1.47 on revenue of C$1.43 billion.

Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$72.43.

ACO.X has been the topic of a number of analyst reports. Scotia lifted their target price 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, May 7th. National Bank Financial upped their price objective on shares of ATCO from C$62.00 to C$69.00 and gave the stock a "sector perform" rating in a report on Monday, June 1st. Royal Bank Of Canada raised their target price on ATCO from C$66.00 to C$71.00 and gave the company a "sector perform" rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce boosted their price objective on shares of ATCO from C$72.00 to C$82.00 in a research note on Monday, April 20th. Finally, Scotiabank increased their target price on ATCO from C$70.00 to C$79.00 and gave the stock a "sector perform" rating in a research note on Tuesday.

ATCO Price Performance

TSE ACO.X opened at C$78.09 on Wednesday. The company has a market cap of C$7.88 billion, a PE ratio of 56.18, a price-to-earnings-growth ratio of 3.80 and a beta of 0.35. 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 firm's 50-day simple moving average is C$72.35 and its two-hundred day simple moving average is C$66.94. ATCO has a 52 week low of C$47.52 and a 52 week high of C$79.00.

ATCO (TSE:ACO.X - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share (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%. Research analysts predict that ATCO will post 4.1980634 earnings per share for the current 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.

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