ATCO Ltd. (TSE:ACO.X – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$48.08.
A number of equities research analysts recently commented on the company. BMO Capital Markets upped their target price on ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Royal Bank of Canada upped their price objective on shares of ATCO from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a report on Tuesday, August 6th. CIBC boosted their target price on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research report on Tuesday, August 6th. Scotiabank upped their price target on shares of ATCO from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. Finally, National Bankshares lifted their price objective on ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd.
Check Out Our Latest Analysis on ACO.X
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ATCO Stock Performance
Shares of ACO.X opened at C$46.16 on Monday. The stock has a 50-day moving average of C$43.07 and a two-hundred day moving average of C$40.07. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock has a market cap of C$4.60 billion, a P/E ratio of 13.50, a P/E/G ratio of 3.80 and a beta of 0.73. ATCO has a one year low of C$32.90 and a one year high of C$46.42.
About ATCO
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.
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