Analysts Set ATCO Ltd. (TSE:ACO.X) PT at C$45.50

Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$45.50.

Several research firms have recently issued reports on ACO.X. CIBC increased their target price on ATCO from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a report on Wednesday, January 24th. Scotiabank lowered ATCO from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$46.00 to C$43.00 in a report on Wednesday, January 24th. BMO Capital Markets raised their price objective on ATCO from C$48.00 to C$49.00 and gave the company an "outperform" rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada raised their price objective on 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.

ATCO Stock Down 1.5 %

TSE:ACO.X traded down C$0.56 during trading hours on Friday, reaching C$36.58. 171,468 shares of the stock were exchanged, compared to its average volume of 202,294. ATCO has a twelve month low of C$32.90 and a twelve month high of C$45.59. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48. The firm has a 50 day moving average of C$37.41 and a 200 day moving average of C$37.12. The stock has a market cap of C$3.65 billion, a PE ratio of 9.58, a PEG ratio of 3.80 and a beta of 0.68.

ATCO Company Profile

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.