ATCO (TSE:ACO.X) Hits New 12-Month High - What's Next?

Key Points

• ATCO hit a new 52-week high, trading as high as C$69.49 intraday and last at C$69.39 on a volume of 37,332 shares.
• Analysts have raised price targets (recent highs around C$69), but MarketBeat's consensus remains Hold with an average target of C$64.33, which is below the current share price.
• Key fundamentals: market cap C$6.94B, P/E 51.76 and a high debt-to-equity ratio of 131.63; ATCO reported quarterly EPS of C$1.37 and analysts forecast roughly C$4.20 for the year.

ATCO Ltd. (TSE:ACO.X - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$69.49 and last traded at C$69.39, with a volume of 37332 shares changing hands. The stock had previously closed at C$68.88.

Wall Street Analyst Weigh In

A number of research firms recently commented on ACO.X. National Bank Financial increased their price objective on ATCO from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a report on Wednesday, December 17th. BMO Capital Markets boosted their target price on shares of ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce raised their price target on shares of ATCO from C$68.00 to C$69.00 in a report on Wednesday, January 21st. TD Securities increased their target price on shares of ATCO from C$57.00 to C$67.00 and gave the stock a "hold" rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada raised their target price on ATCO from C$59.00 to C$66.00 in a report on Friday, February 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, ATCO currently has a consensus rating of "Hold" and an average price target of C$64.33.

ATCO Stock Performance

The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock's 50-day simple moving average is C$64.00 and its two-hundred day simple moving average is C$57.57. The stock has a market cap of C$6.94 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 3.80 and a beta of 0.40.

ATCO (TSE:ACO.X - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported C$1.37 EPS for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Analysts forecast that ATCO Ltd. 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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