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 Trading Up 0.1 %

Shares of ACO.X Stock traded up C$0.07 during trading hours on Thursday, reaching C$47.55. 148,515 shares of the stock traded hands, compared to its average volume of 254,081. The company has a quick ratio of 1.45, a current ratio of 1.62 and a debt-to-equity ratio of 125.47. The firm has a market capitalization of C$5.44 billion and a PE ratio of 14.65. ATCO has a 1-year low of C$40.00 and a 1-year high of C$48.04. The business has a fifty day moving average price of C$44.79 and a 200 day moving average price of C$44.14.

Analyst Upgrades and Downgrades

ACO.X has been the subject of a number of research reports. Credit Suisse Group decreased their price objective on shares of ATCO to C$48.00 and set a "neutral" rating for the company in a report on Friday, July 22nd. CSFB lowered their price objective on shares of ATCO from C$49.00 to C$48.00 in a research report on Friday, July 22nd. Royal Bank of Canada raised their target price on shares of ATCO from C$49.00 to C$52.00 and gave the stock a "sector perform" rating in a report on Friday, July 29th. National Bankshares upped their target price on ATCO from C$46.00 to C$49.00 and gave the company a "sector perform" rating in a report on Tuesday, August 2nd. Finally, TD Securities raised their price target on ATCO from C$53.00 to C$55.00 and gave the stock a "buy" rating in a report on Friday, April 29th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, ATCO has a consensus rating of "Moderate Buy" and a consensus target price of C$50.06.

Insider Buying and Selling at ATCO

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