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.

ATCO Stock Down 0.2 %

ACO.X Stock traded down C$0.08 during mid-day trading on Friday, hitting C$46.43. 181,094 shares of the company were exchanged, compared to its average volume of 253,530. The company has a debt-to-equity ratio of 125.41, a quick ratio of 1.45 and a current ratio of 1.62. The firm has a market cap of C$5.31 billion and a P/E ratio of 18.21. The firm's 50 day simple moving average is C$44.70 and its 200 day simple moving average is C$44.03. ATCO has a 1-year low of C$40.00 and a 1-year high of C$48.04.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Securities upped their target price on shares of ATCO from C$53.00 to C$55.00 and gave the company a "buy" rating in a research report on Friday, April 29th. Royal Bank of Canada upped their target price 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. CIBC increased their price target on shares of ATCO from C$54.00 to C$55.00 in a research report on Friday, July 29th. Credit Suisse Group cut their price target on shares of ATCO to C$48.00 and set a "neutral" rating on the stock in a research report on Friday, July 22nd. Finally, CSFB cut their price target on shares of ATCO from C$49.00 to C$48.00 in a research report on Friday, July 22nd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, ATCO presently has a consensus rating of "Moderate Buy" and an average price target of C$50.06.

Insiders Place Their Bets

In related news, insider Sentgraf Enterprises Ltd. bought 5,000 shares of the company's stock in a transaction on Monday, June 13th. The shares were purchased at an average cost of C$44.50 per share, for a total transaction of C$222,500.00. Following the acquisition, the insider now owns 26,387,086 shares of the company's stock, valued at approximately C$1,174,225,327.