Should I buy or sell ATCO stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ATCO in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ACO.X shares. View ACO.X analyst ratings or view top-rated stocks .

What is ATCO's stock price target for 2024?

6 Wall Street analysts have issued 12-month price objectives for ATCO's shares. Their ACO.X share price targets range from C$38.00 to C$49.00. On average, they predict the company's stock price to reach C$45.50 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price. View analysts price targets for ACO.X or view top-rated stocks among Wall Street analysts .

How have ACO.X shares performed in 2024?

ATCO's stock was trading at C$38.67 at the beginning of the year. Since then, ACO.X stock has decreased by 6.4% and is now trading at C$36.21. View the best growth stocks for 2024 here .

Is ATCO a good dividend stock?

ATCO (TSE:ACO.X) pays an annual dividend of C$1.96 per share and currently has a dividend yield of 5.21%. ACO.X has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.31%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for ACO.X .

How do I buy shares of ATCO?

Shares of ACO.X stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:ACO.X

ATCO (ACO.X) Stock Price, News & Analysis

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C$36.21

+0.56 (+1.57%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$35.70
▼
C$36.23
50-Day Range: C$35.65
▼
C$38.28
52-Week Range: C$32.90
▼
C$45.59

Volume: 197,868 shs
Average Volume: 200,518 shs
Market Capitalization: C$3.61 billion

P/E Ratio: 9.48
Dividend Yield: 5.41%
Price Target: C$45.50

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

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ATCO MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 25.7% Upside
C$45.50 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.46
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.62 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
ATCO has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
ATCO has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ACO.X.

2.5

Dividend Strength

Dividend Leadership
ATCO is a leading dividend payer. It pays a dividend yield of 5.21%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
ATCO does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of ATCO is 51.31%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ACO.X.

1.9

News and Social Media Coverage

News Sentiment
ATCO has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for ATCO this week, compared to 0 articles on an average week.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, ATCO insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.68% of the stock of ATCO is held by insiders.
Percentage Held by Institutions
Only 28.78% of the stock of ATCO is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of ATCO is 9.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of ATCO is 9.48, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 76.64.
Price to Earnings Growth Ratio
ATCO has a PEG Ratio of 3.80. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
ATCO has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About ATCO Stock (TSE:ACO.X)

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions. It also offers workforce and residential housing, modular facilities, construction and site support, workforce lodging, facility operations and maintenance, defense operations, and disaster and emergency management services. In addition, the company provides commercial real estate services, including sale, lease, and development of office and industrial properties; process and markets fly ash; and generates electricity through hydro, solar, wind, and natural gas facilities. Further, the company provides ports and transportation logistics; natural gas liquids storage services; and provides integrated water services, including pipeline transportation, storage, water treatment, recycling, and disposal to various industrial customers. ATCO Ltd. was founded in 1947 and is headquartered in Calgary, Canada. ATCO Ltd. is a subsidiary of Sentgraf Enterprises Ltd.

ACO.X Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ACO.X Stock News Headlines

April 18, 2024 | markets.businessinsider.com

TSX Ends Modestly Higher; Materials Stocks Shine

April 12, 2024 | americanbankingnews.com

ATCO Ltd. (TSE:ACO.X) Given Average Rating of "Moderate Buy" by Brokerages

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 11, 2024 | finance.yahoo.com

ATCO Ltd. Eligible Dividends

April 11, 2024 | americanbankingnews.com

ATCO (TSE:ACO.X) Share Price Crosses Above 200 Day Moving Average of $37.11

March 22, 2024 | theglobeandmail.com

Top picks in yield-heavy energy infrastructure and utilities sectors from a CIBC analyst

March 8, 2024 | ca.finance.yahoo.com

ATCO LTD. NORMAL COURSE ISSUER BID

January 11, 2024 | msn.com

ATCO increases dividend by ~3%

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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January 9, 2024 | ca.finance.yahoo.com

Stocks in play: ATCO Ltd.

January 3, 2024 | finance.yahoo.com

ATCO (TSE:ACO.X) Has Some Way To Go To Become A Multi-Bagger

December 18, 2023 | ca.style.yahoo.com

Clearlake and Insight reach $4.4B deal to take software maker Alteryx private

December 18, 2023 | ca.style.yahoo.com

Snowflake goes all in on data clean rooms with Samooha acquisition

December 18, 2023 | msn.com

Adobe has called off its plans to acquire rival Figma for $20 billion

December 18, 2023 | seekingalpha.com

Algonquin: More Upside Ahead, But Keep Your Eyes On The Exit

December 4, 2023 | ca.style.yahoo.com

Twilio lays off another 5% of employees following activist pressure

December 1, 2023 | msn.com

ATCO Electric Yukon has consistently exceeded profit guidelines set by the Yukon Utilities Board

November 25, 2023 | morningstar.com

Atco Ltd Registered Shs -I- Non Vtg ACO.X

November 20, 2023 | finance.yahoo.com

ALBERTA COMMUNITIES BENEFIT FROM ATCO'S ENERGY TRANSITION GRANTS

October 26, 2023 | finance.yahoo.com

ATCO REPORTS THIRD QUARTER 2023 EARNINGS

October 23, 2023 | msn.com

Dividend-Yielding Blue Chips: Canada’s Prime Investment Opportunities

October 20, 2023 | finance.yahoo.com

Did ATCO Ltd. (TSE:ACO.X) Use Debt To Deliver Its ROE Of 8.8%?

October 19, 2023 | markets.businessinsider.com

CIBC Thinks ATCO Ltd Cl I NV’s Stock is Going to Recover

August 5, 2023 | finance.yahoo.com

ATCO Chair & CEO Acquires 6.2% More Stock

July 27, 2023 | finance.yahoo.com

ATCO's (TSE:ACO.X) Returns Have Hit A Wall

July 26, 2023 | markets.businessinsider.com

RBC Capital Maintains a Hold Rating on ATCO Ltd Cl I NV (ACO.X)

May 31, 2023 | finance.yahoo.com

ATCO SUPPORTS COMMUNITIES THAT WE SERVE AFFECTED BY THE WILDFIRES

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Utilities
Industry: Utilities - Diversified
Sub-Industry: N/A
Current Symbol: TSE:ACO.X
CUSIP: N/A
CIK: N/A
Web: www.atco.com
Phone: +1-403-2927500
Fax: N/A
Employees: 20,175
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$45.50
High Stock Price Target: C$49.00
Low Stock Price Target: C$38.00
Potential Upside/Downside: +25.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.82
Trailing P/E Ratio: 9.48
Forward P/E Ratio: 9.10
P/E Growth: 3.8
Net Income: C$432 million
Net Margins: 9.11%
Pretax Margin: N/A
Return on Equity: 9.73%
Return on Assets: 3.14%

Debt

Debt-to-Equity Ratio: 131.44
Current Ratio: 1.14
Quick Ratio: 1.48

Sales & Book Value

Annual Sales: C$4.74 billion
Price / Sales: 0.76
Cash Flow: C$9.35 per share
Price / Cash Flow: 3.87
Book Value: C$39.44 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 99,730,000
Free Float: N/A
Market Cap: C$3.61 billion
Optionable: Not Optionable
Beta: 0.68

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Key Executives

Ms. Nancy C. Southern (Age 67)
Chair & CEO
Comp: $2.83M
Mr. Robert J. Myles B. Eng. (Age 59)
B.Sc., P.Eng., Chief Operating Officer of ATCO EnPower
Comp: $1.29M
Mr. Adam M. Beattie (Age 43)
President of Structures - ATCO Structures & Logistics Ltd.
Comp: $1.3M
Ms. Rebecca A. Penrice (Age 49)
Executive Vice President of Corporate Services
Comp: $1.25M
Mr. Myles Dougan
Director of Investor Relations
Mr. Kyle M. Brunner
Senior VP, General Counsel & Corporate Secretary
Mr. Kurt Kadatz
Senior Manager of Corporate Communications
Ms. Lisa Cooke
Senior VP & Chief Marketing Officer
Mr. Wayne K. Stensby (Age 57)
Chief Operating Officer of ATCO Energy Systems
Comp: $783.51k
Mr. James Landon
President of Frontec

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

ACO.X Stock Analysis - Frequently Asked Questions

Should I buy or sell ATCO stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for ATCO in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ACO.X shares.
View ACO.X analyst ratings or view top-rated stocks.
What is ATCO's stock price target for 2024?: 6 Wall Street analysts have issued 12-month price objectives for ATCO's shares. Their ACO.X share price targets range from C$38.00 to C$49.00. On average, they predict the company's stock price to reach C$45.50 in the next twelve months. This suggests a possible upside of 25.7% from the stock's current price.
View analysts price targets for ACO.X or view top-rated stocks among Wall Street analysts.
How have ACO.X shares performed in 2024?: ATCO's stock was trading at C$38.67 at the beginning of the year. Since then, ACO.X stock has decreased by 6.4% and is now trading at C$36.21.
View the best growth stocks for 2024 here.

Is ATCO a good dividend stock?: ATCO (TSE:ACO.X) pays an annual dividend of C$1.96 per share and currently has a dividend yield of 5.21%. ACO.X has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 51.31%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for ACO.X.
How do I buy shares of ATCO?: Shares of ACO.X stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:ACO.X) was last updated on 4/19/2024 by MarketBeat.com Staff

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ATCO (ACO.X) Stock Price, News & Analysis

ATCO MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About ATCO Stock (TSE:ACO.X)

ACO.X Stock Price History

ACO.X Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ACO.X Stock Analysis - Frequently Asked Questions

Overall MarketRank^™