ATCO (TSE:ACO.X) Price Target Raised to C$39.00

ATCO (TSE:ACO.X) had its price target raised by National Bankshares from C$38.00 to C$39.00 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price objective points to a potential upside of 3.17% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. CIBC lowered their target price on ATCO from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday, April 19th. Scotiabank cut their target price on ATCO from C$43.00 to C$41.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Royal Bank of Canada lifted their price target 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. Finally, BMO Capital Markets lifted their target price on shares of ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, ATCO has a consensus rating of “Moderate Buy” and an average price target of C$45.50.

ATCO Price Performance

Shares of TSE ACO.X remained flat at C$37.80 during mid-day trading on Friday. 309,939 shares of the company traded hands, compared to its average volume of 198,967. ATCO has a twelve month low of C$32.90 and a twelve month high of C$45.59. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 3.80 and a beta of 0.68. The firm’s 50 day moving average price is C$37.41 and its 200-day moving average price is C$37.35. The company has a debt-to-equity ratio of 131.44, a quick ratio of 1.48 and a current ratio of 1.14.

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.