ATCO Ltd. (TSE:ACO.X) Receives Average Rating of "Hold" from Brokerages

Key Points

• ATCO has an average “Hold” rating from six covering brokerages: five recommend holding the stock and one recommends buying it.
• Analysts’ average 1-year price target is C$77.86, compared with the recent opening price of C$74.54. Recent target revisions ranged from C$79 to C$85.
• ATCO reported quarterly EPS of C$1.01, with an 8.16% net margin and 8.54% return on equity; analysts expect full-year EPS of approximately C$4.20.

Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) have received an average rating of "Hold" from the six research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$77.86.

Several research analysts recently issued reports on the company. Royal Bank Of Canada increased their price objective on ATCO from C$71.00 to C$80.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. BMO Capital Markets lifted their target price on ATCO from C$72.00 to C$85.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their target price on ATCO from C$88.00 to C$85.00 in a report on Tuesday, September 22nd. Scotiabank increased their price target on ATCO from C$70.00 to C$79.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 21st. Finally, National Bank Financial raised their price target on ATCO from C$69.00 to C$79.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st.

ATCO Stock Performance

Shares of ACO.X opened at C$74.54 on Monday. The firm has a market capitalization of C$8.39 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 3.80 and a beta of 0.28. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. ATCO has a 1-year low of C$50.13 and a 1-year high of C$81.41. The company has a 50-day moving average of C$74.85 and a 200 day moving average of C$72.21.

ATCO (TSE:ACO.X - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. On average, research analysts expect that ATCO will post 4.1980634 EPS for the current year.

ATCO Company Profile

As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.

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