ATCO (TSE:ACO.X) Hits New 52-Week High - Should You Buy?

Key Points

• ATCO hit a new 52-week high, trading as high as C$69.28 and last at C$68.50, which is above the brokers' average target of C$64.33.
• Several brokerages recently raised price targets (e.g., BMO to C$69.00, RBC to C$66.00), but consensus remains an average "Hold" rating (one Buy, three Hold).
• Key fundamentals show a C$6.91B market cap, a high P/E of 51.5 and debt-to-equity of 131.63, recent quarterly EPS of C$1.37 and analysts' full-year EPS estimate of ~C$4.20.

Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$69.28 and last traded at C$68.50, with a volume of 175496 shares. The stock had previously closed at C$68.10.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ACO.X. BMO Capital Markets raised their price target on ATCO from C$63.00 to C$69.00 in a report on Friday, February 27th. TD Securities upped their price objective on shares of ATCO from C$57.00 to C$67.00 and gave the company a "hold" rating in a report on Tuesday, March 3rd. National Bank Financial increased their price objective on shares of ATCO from C$51.00 to C$54.00 and gave the company an "outperform" rating in a research report on Wednesday, December 17th. Royal Bank Of Canada raised their target price on shares of ATCO from C$59.00 to C$66.00 in a research note on Friday, February 27th. Finally, Scotiabank lifted their target price on shares of ATCO from C$56.00 to C$61.00 in a report on Tuesday, December 16th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of C$64.33.

ATCO Stock Performance

The company has a market cap of C$6.91 billion, a P/E ratio of 51.50, a price-to-earnings-growth ratio of 3.80 and a beta of 0.55. 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 50 day moving average price of C$63.19 and a two-hundred day moving average price of C$57.01.

ATCO (TSE:ACO.X - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported C$1.37 earnings per share (EPS) for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. On average, research analysts predict that ATCO Ltd. will post 4.1980634 earnings per share for the current fiscal 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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