ATCO (TSE:ACO.X) Price Target Raised to C$99.00

ATCO (TSE:ACO.X) had its price target lifted by Royal Bank Of Canada from C$94.00 to C$99.00 in a research note released on Monday,BayStreet reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

ACO.X has been the topic of a number of other reports. Canadian Imperial Bank of Commerce dropped their price target on ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. National Bank Financial upped their price target on ATCO from C$93.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Monday. Scotiabank raised their price objective on ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets lifted their price objective on ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$82.71.

ATCO Trading Up 0.5%

TSE:ACO.X opened at C$87.21 on Monday. ATCO has a one year low of C$52.48 and a one year high of C$87.36. 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 company’s 50-day simple moving average is C$77.86 and its 200 day simple moving average is C$71.92. The firm has a market capitalization of C$8.81 billion, a P/E ratio of 55.20, a PEG ratio of 3.80 and a beta of 0.27.

ATCO (TSE:ACO.X) last announced its quarterly earnings data on Friday, November 6th. The company reported C$1.00 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$1.33 billion for the quarter. As a group, analysts forecast that ATCO will post 4.20 EPS for the current fiscal year.

ATCO Company Profile

As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.