ATCO Ltd. (TSE:ACO.X) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Analysts have a “Hold” consensus on ATCO, with five hold ratings and one buy rating among six research firms. The average 12-month price target is C$81.86.
• Several brokerages adjusted their targets, with RBC and National Bank Financial raising theirs to C$94 and C$93, respectively; other targets range from C$79 to C$85.
• ATCO shares opened at C$82.44, up 0.9%, with an C$8.33 billion market capitalization. The company recently reported quarterly EPS of C$1.01, while analysts expect full-year EPS of C$4.20.

Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) have received an average recommendation of "Hold" from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Five equities 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 analysts that have covered the stock in the last year is C$81.86.

A number of brokerages have commented on ACO.X. Royal Bank Of Canada lifted their price objective on shares of ATCO from C$80.00 to C$94.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 8th. National Bank Financial upped their target price on shares of ATCO from C$79.00 to C$93.00 and gave the company a "sector perform" rating in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce lowered their price target on shares of ATCO from C$88.00 to C$85.00 in a report on Tuesday, September 22nd. BMO Capital Markets lifted their price target on ATCO from C$72.00 to C$85.00 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Finally, Scotiabank lifted 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.

ATCO Stock Up 0.9%

Shares of ACO.X opened at C$82.44 on Friday. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The stock has a market capitalization of C$8.33 billion, a price-to-earnings ratio of 51.52, a price-to-earnings-growth ratio of 3.80 and a beta of 0.20. ATCO has a 1 year low of C$52.17 and a 1 year high of C$85.00. The business's 50 day simple moving average is C$76.00 and its 200-day simple moving average is C$70.68.

ATCO (TSE:ACO.X - Get Free Report) last posted its earnings results 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%. As a group, equities analysts expect that ATCO will post 4.20 earnings per share for the current fiscal 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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