ATCO (TSE:ACO.X) PT Lowered to C$41.00 at Scotiabank

ATCO (TSE:ACO.X - Get Free Report) had its price objective cut by stock analysts at Scotiabank from C$43.00 to C$41.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 12.58% from the stock's previous close.

Several other brokerages have also recently commented on ACO.X. Royal Bank of Canada lifted their price target on shares of ATCO from C$45.00 to C$46.00 and gave the stock a "sector perform" rating in a research report on Friday, March 1st. BMO Capital Markets boosted their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Finally, CIBC decreased their price objective on shares of ATCO from C$49.00 to C$48.00 and set an "outperform" rating for the company in a report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, ATCO currently has an average rating of "Moderate Buy" and a consensus price target of C$45.00.

ATCO Price Performance

ACO.X stock traded down C$0.15 during trading on Monday, hitting C$36.42. 193,884 shares of the stock traded hands, compared to its average volume of 199,304. ATCO has a one year low of C$32.90 and a one year high of C$45.59. The stock has a market cap of C$3.63 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 3.80 and a beta of 0.68. The company has a 50 day simple moving average of C$37.33 and a 200 day simple moving average of C$37.22. The company has a current ratio of 1.14, a quick ratio of 1.48 and a debt-to-equity ratio of 131.44.

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.