ATCO (TSE:ACO.X) Sets New 52-Week High - What's Next?

Key Points

• ATCO hit a new 52-week high, trading as high as C$68.00 (last C$67.88) on Wednesday with about 100,051 shares changing hands and the stock up ~2.2%.
• Analysts have nudged up price targets but keep a cautious view — several firms raised targets (some to C$69.00) yet the MarketBeat consensus rating is "Hold" with an average target of C$64.33 (one Buy, three Holds).
• Valuation and recent results are mixed: market cap C$6.80 billion, P/E 50.66 and debt-to-equity 131.63, while ATCO reported C$1.37 EPS for the quarter.

ATCO Ltd. (TSE:ACO.X - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as C$68.00 and last traded at C$67.88, with a volume of 100051 shares traded. The stock had previously closed at C$65.93.

Analysts Set New Price Targets

ACO.X has been the topic of several analyst reports. BMO Capital Markets raised their target price on ATCO from C$63.00 to C$69.00 in a report on Friday, February 27th. Canadian Imperial Bank of Commerce upped their price target on ATCO from C$68.00 to C$69.00 in a report on Wednesday, January 21st. Scotiabank increased their price objective on shares of ATCO from C$56.00 to C$61.00 in a research report on Tuesday, December 16th. TD Securities lifted their price objective on shares of ATCO from C$57.00 to C$67.00 and gave the company a "hold" rating in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of ATCO from C$59.00 to C$66.00 in a research report on Friday, February 27th. One research 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 has a consensus rating of "Hold" and an average target price of C$64.33.

ATCO Stock Up 2.2%

The company has a market capitalization of C$6.80 billion, a price-to-earnings ratio of 50.66, a P/E/G 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 firm has a 50 day moving average price of C$62.37 and a two-hundred day moving average price of C$56.47.

ATCO (TSE:ACO.X - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.