ATCO Ltd. (TSE:ACO.X) Receives Average Recommendation of "Hold" from Analysts

Key Points

• ATCO has a consensus “Hold” rating from six analysts: five recommend holding the stock and one recommends buying it. The average 12-month price target is C$78.29.
• Several brokerages recently raised their price targets, including BMO Capital Markets to C$85 and CIBC to C$88; most maintained “sector perform” ratings, while BMO rated the stock “outperform.”
• ATCO shares opened at C$73.73, with a market capitalization of approximately C$8.30 billion. The company reported quarterly earnings of C$1.01 per share, along with an 8.16% net margin and 8.54% return on equity.

ATCO Ltd. (TSE:ACO.X - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$78.29.

ACO.X has been the topic of a number of research reports. National Bank Financial upped their price target on shares of ATCO from C$69.00 to C$79.00 and gave the stock a "sector perform" rating in a research note on Friday, July 31st. Royal Bank Of Canada lifted their price objective on ATCO from C$71.00 to C$80.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Scotiabank boosted their target price on ATCO from C$70.00 to C$79.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 21st. BMO Capital Markets raised their price target on ATCO from C$72.00 to C$85.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce lifted their price target on ATCO from C$85.00 to C$88.00 in a report on Thursday, July 30th.

ATCO Stock Performance

ACO.X stock opened at C$73.73 on Thursday. The firm has a 50 day simple moving average of C$76.00 and a 200 day simple moving average of C$71.32. ATCO has a 52 week low of C$47.52 and a 52 week high of C$81.41. The stock has a market cap of C$8.30 billion, a P/E ratio of 46.08, a P/E/G ratio of 3.80 and a beta of 0.28. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

ATCO (TSE:ACO.X - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. Research analysts anticipate that ATCO 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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