BMO Capital Markets Raises ATCO (TSE:ACO.X) Price Target to C$50.00

ATCO (TSE:ACO.X - Get Free Report) had its price target hoisted by stock analysts at BMO Capital Markets from C$49.00 to C$50.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price target would suggest a potential upside of 32.28% from the stock's current price.

Several other analysts also recently issued reports on the stock. Scotiabank cut their target price on shares of ATCO from C$43.00 to C$41.00 and set an "outperform" rating on the stock in a research note on Monday, April 22nd. National Bankshares lifted their target price on ATCO from C$38.00 to C$39.00 in a research note on Friday. CIBC raised their price target on shares of ATCO from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a report on Friday. Finally, Royal Bank of Canada upped their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a research note on Friday, March 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$45.50.

ATCO Price Performance

Shares of ACO.X remained flat at C$37.80 during mid-day trading on Friday. 308,851 shares of the stock traded hands, compared to its average volume of 198,967. ATCO has a 12 month low of C$32.90 and a 12 month high of C$45.59. The company has a market cap of C$3.77 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.80 and a beta of 0.68. The company has a fifty day moving average of C$37.41 and a 200-day moving average of C$37.37. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48.

About ATCO

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.