ATCO (TSE:ACO.X) Price Target Raised to C$62.00

ATCO (TSE:ACO.X) had its target price hoisted by CIBC from C$59.00 to C$62.00 in a research note released on Friday morning,BayStreet.CA reports.

Separately, Scotiabank lifted their target price on ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$52.30.

ATCO Price Performance

ATCO stock opened at C$50.21 on Friday. The company has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 3.80 and a beta of 0.74. The stock’s 50 day moving average is C$47.97 and its 200-day moving average is C$47.77. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. ATCO has a 12 month low of C$35.56 and a 12 month high of C$51.67.

Insider Activity at ATCO

In other ATCO news, Senior Officer James Landon sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total transaction of C$49,800.00. Insiders sold a total of 2,100 shares of company stock valued at $103,044 over the last quarter. 0.61% of the stock is owned by corporate insiders.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.