ATCO (TSE:ACO.X) Reaches New 12-Month High - What's Next?

Key Points

• ATCO shares surged to a new 52-week high, reaching C$85.00 and closing around C$84.01, up 9.6% on the session.
• Analysts have raised several price targets, but the stock retains a consensus “Hold” rating with an average target of C$77.86; ratings include one Buy and five Holds.
• ATCO reported quarterly EPS of C$1.01, with an 8.16% net margin and 8.54% return on equity. Analysts expect approximately C$4.20 in full-year EPS.

ATCO Ltd. (TSE:ACO.X - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as C$85.00 and last traded at C$84.01, with a volume of 409261 shares. The stock had previously closed at C$74.18.

Analyst Ratings Changes

ACO.X has been the subject of several analyst reports. National Bank Financial raised their target price on shares of 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. Scotiabank increased their price target on shares of 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 lifted their price objective on shares of ATCO from C$72.00 to C$85.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Royal Bank Of Canada boosted their price objective on shares of 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. Finally, Canadian Imperial Bank of Commerce cut their target price on shares of ATCO from C$88.00 to C$85.00 in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, ATCO has a consensus rating of "Hold" and a consensus target price of C$77.86.

ATCO Trading Up 9.6%

The business has a 50 day moving average of C$74.76 and a two-hundred day moving average of C$72.26. The firm has a market cap of C$9.15 billion, a P/E ratio of 50.81, a PEG ratio of 3.80 and a beta of 0.20. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.

ATCO (TSE:ACO.X - Get Free Report) last released its quarterly earnings data 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%. Analysts predict that ATCO Ltd. will post 4.1980634 earnings per share 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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