ATCO (TSE:ACO.X) PT Set at C$56.00 by TD Securities

ATCO (TSE:ACO.X - Get Free Report) received a C$56.00 price target from equities research analysts at TD Securities in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' price objective suggests a potential upside of 10.28% from the stock's previous close.

ACO.X has been the topic of several other reports. Royal Bank Of Canada boosted their price target on shares of ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. CIBC boosted their price target on shares of ATCO from C$59.00 to C$62.00 in a research report on Friday, April 4th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, ATCO has a consensus rating of "Hold" and an average target price of C$53.25.

ATCO Trading Up 0.8%

Shares of ACO.X stock traded up C$0.40 on Friday, hitting C$50.78. The stock had a trading volume of 189,268 shares, compared to its average volume of 215,023. The firm has a market cap of C$5.06 billion, a P/E ratio of 14.85, a PEG ratio of 3.80 and a beta of 0.74. ATCO has a twelve month low of C$38.36 and a twelve month high of C$52.48. The company has a fifty day moving average price of C$51.06 and a two-hundred day moving average price of C$48.96. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.

Insider Activity

In other news, Senior Officer James Armstrong sold 781 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of C$51.40, for a total value of C$40,143.40. Following the sale, the insider directly owned 101 shares of the company's stock, valued at approximately C$5,191.40. This represents a 88.55% decrease in their position. Also, insider Sentgraf Enterprises Ltd. bought 7,407 shares of the company's stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of C$50.55 per share, for a total transaction of C$374,423.85. In the last ninety days, insiders have sold 2,357 shares of company stock valued at $121,090. 0.61% of the stock is owned by company insiders.

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.