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

Shares of ATCO Ltd. (TSE:ACO.X) reached a new 52-week high on Wednesday . The company traded as high as C$68.00 and last traded at C$67.88, with a volume of 100051 shares traded. The stock had previously closed at C$65.93.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ACO.X shares. Royal Bank Of Canada upped their price target on shares of ATCO from C$59.00 to C$66.00 in a report on Friday, February 27th. TD Securities raised their price objective on shares of ATCO from C$57.00 to C$67.00 and gave the stock a “hold” rating in a report on Tuesday, March 3rd. BMO Capital Markets boosted their target price on shares of ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Scotiabank upped their target price on shares of ATCO from C$56.00 to C$61.00 in a research note on Tuesday, December 16th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of ATCO from C$68.00 to C$69.00 in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, ATCO currently has a consensus rating of “Hold” and an average target price of C$64.33.

ATCO Stock Up 2.2%

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 firm has a market capitalization of C$6.80 billion, a P/E ratio of 50.66, a P/E/G ratio of 3.80 and a beta of 0.55. The stock has a fifty day moving average price of C$62.37 and a two-hundred day moving average price of C$56.47.

ATCO (TSE:ACO.X) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$1.37 earnings per share (EPS) for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Research analysts forecast that ATCO Ltd. will post 4.1980634 EPS for the current 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.