ATCO - ACO.X Stock Forecast, Price & News

ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company 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. It also provides commercial real estate services, including sale of commercial and industrial properties; and bulk cargo and port operation services, as well as operates container port facilities. The company's portfolio includes 14 commercial real estate properties, including 417,000 square feet of office property, 60,000 square feet of industrial property, and 315 acres of land. In addition, it engages in electricity generation, distribution, transmission, and related infrastructure services; natural gas distribution; owns and operates natural gas transmission pipelines in Alberta, Saskatchewan, and northern regions of Canada, as well as in Western Australia; and builds, owns, and operates non-regulated industrial water, natural gas storage, natural gas liquids storage, and natural gas related infrastructure to serve the midstream and petrochemical sectors. Further, it sells electricity and natural gas to residential and commercial customers; and provides natural gas appliance demonstrations and small cooking schools for homemakers. ATCO Ltd. was founded in 1947 and is headquartered in Calgary, Canada. ATCO Ltd. operates as a subsidiary of Sentgraf Enterprises Ltd.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of ATCO from C$49.00 to C$52.00 and gave the company a "sector perform" rating in a research report on Friday, July 29th. National Bankshares upped their price target on shares of ATCO from C$46.00 to C$49.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 2nd. Credit Suisse Group decreased their price target on shares of ATCO to C$48.00 and set a "neutral" rating for the company in a research report on Friday, July 22nd. CIBC increased their price objective on shares of ATCO from C$54.00 to C$55.00 in a research report on Friday, July 29th. Finally, CSFB decreased their price objective on shares of ATCO from C$49.00 to C$48.00 in a research report on Friday, July 22nd. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, ATCO has an average rating of "Moderate Buy" and a consensus target price of C$50.06.

ATCO Stock Performance

Shares of ATCO stock traded up C$0.34 during trading hours on Wednesday, reaching C$48.28. ATCO has a twelve month low of C$40.00 and a twelve month high of C$48.44. The firm has a market capitalization of C$5.52 billion and a price-to-earnings ratio of 14.90. The firm has a fifty day simple moving average of C$45.06 and a 200-day simple moving average of C$44.34. The company has a debt-to-equity ratio of 125.47, a quick ratio of 1.45 and a current ratio of 1.62.

Insider Activity at ATCO

In other news, insider Sentgraf Enterprises Ltd. purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 15th. The shares were bought at an average cost of C$47.40 per share, with a total value of C$237,000.00. Following the completion of the transaction, the insider now directly owns 26,468,336 shares of the company's stock, valued at C$1,254,599,126.40. Insiders have bought 20,500 shares of company stock valued at $955,425 over the last ninety days.