ATCO (TSE:ACO.X) Hits New 52-Week High – What’s Next?

ATCO Ltd. (TSE:ACO.X) reached a new 52-week high on Monday . The company traded as high as C$78.75 and last traded at C$78.59, with a volume of 5784 shares traded. The stock had previously closed at C$78.45.

Wall Street Analyst Weigh In

ACO.X has been the subject of a number of research reports. Royal Bank Of Canada increased their price target on ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. National Bank Financial increased their target price on shares of ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Scotia raised 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 report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$69.86.

ATCO Price Performance

The firm has a market cap of C$7.96 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 3.80 and a beta of 0.35. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The stock’s fifty day moving average price is C$71.98 and its 200-day moving average price is C$66.63.

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

About ATCO

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.