ATCO (TSE:ACO.X) Given New C$71.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on ATCO from C$66.00 to C$71.00 while keeping a "sector perform" rating, implying roughly a 4.5% upside from the current share price.
• Other brokers have also lifted targets but MarketBeat shows a consensus rating of Hold with a consensus target of C$67.71 (one Buy and four Hold ratings reported).
• ATCO traded around C$67.94, has a market cap of C$7.64 billion and a high trailing PE of 51.08, and reported quarterly EPS of C$1.47 on C$1.43 billion in revenue.

ATCO (TSE:ACO.X - Get Free Report) had its price target hoisted by research analysts at Royal Bank Of Canada from C$66.00 to C$71.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential upside of 4.50% from the stock's current price.

A number of other brokerages also recently weighed in on ACO.X. 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 research report on Tuesday, March 3rd. Scotia boosted 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 note on Thursday. BMO Capital Markets increased their price target on shares of ATCO from C$63.00 to C$69.00 in a report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, ATCO has a consensus rating of "Hold" and a consensus target price of C$67.71.

ATCO Price Performance

Shares of ACO.X traded up C$0.12 on Thursday, hitting C$67.94. The company's stock had a trading volume of 92,278 shares, compared to its average volume of 238,159. The company has a 50 day moving average price of C$67.35 and a 200 day moving average price of C$60.29. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The company has a market capitalization of C$7.64 billion, a PE ratio of 51.08, a PEG ratio of 3.80 and a beta of 0.46. ATCO has a fifty-two week low of C$47.52 and a fifty-two week high of C$72.37.

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. ATCO had a return on equity of 8.54% and a net margin of 8.16%.The company had revenue of C$1.43 billion during the quarter. On average, research analysts anticipate that ATCO will post 4.1980634 earnings per share for the current fiscal 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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