CIBC Increases ATCO (TSE:ACO.X) Price Target to C$62.00

ATCO (TSE:ACO.X - Get Free Report) had its target price boosted by CIBC from C$59.00 to C$62.00 in a note issued to investors on Friday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 29.44% from the stock's current price.

Separately, Scotiabank upped their target price on ATCO from C$49.00 to C$51.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$52.30.

ATCO Price Performance

ATCO stock traded down C$0.44 during mid-day trading on Friday, hitting C$47.90. 320,002 shares of the company were exchanged, compared to its average volume of 242,340. ATCO has a 12-month low of C$35.56 and a 12-month high of C$51.67. The company has a market capitalization of C$4.78 billion, a P/E ratio of 14.01, a PEG ratio of 3.80 and a beta of 0.74. The business's 50 day simple moving average is C$48.11 and its two-hundred day simple moving average is C$47.84. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Insider Buying and Selling

In other ATCO news, Senior Officer James Landon sold 1,000 shares of the business's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$49.80, for a total transaction of C$49,800.00. Over the last three months, insiders sold 2,100 shares of company stock worth $103,044. Corporate insiders own 0.61% of the company's stock.

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.