ATCO Ltd. (TSE:ACO.X) Given Consensus Rating of “Hold” by Brokerages

ATCO Ltd. (TSE:ACO.X) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$69.86.

A number of equities analysts have recently commented on the company. Royal Bank Of Canada raised their price objective on ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. National Bank Financial boosted their target price on ATCO from C$62.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Scotia increased their target price on shares of ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce increased their target price on shares of ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th.

ATCO Trading Up 0.9%

ACO.X stock opened at C$74.34 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The company has a market cap of C$7.51 billion, a price-to-earnings ratio of 53.48, a PEG ratio of 3.80 and a beta of 0.36. The business has a fifty day simple moving average of C$70.50 and a 200-day simple moving average of C$65.15. ATCO has a 52 week low of C$47.52 and a 52 week high of C$74.73.

ATCO (TSE:ACO.X) last issued its earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%.The firm had revenue of C$1.43 billion for the quarter. On average, equities research analysts expect that ATCO will post 4.1980634 EPS for the current year.

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.