ATCO (TSE:ACO.X) Price Target Raised to C$80.00

ATCO (TSE:ACO.X) had its target price upped by Royal Bank Of Canada from C$71.00 to C$80.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also commented on the company. Canadian Imperial Bank of Commerce raised their price target on ATCO from C$85.00 to C$88.00 in a research note on Thursday. Scotia upped their price objective on shares of ATCO from C$67.00 to C$70.00 and gave the stock 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 stock a “sector perform” rating in a report on Monday, June 1st. Finally, Scotiabank increased their target price on shares of ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, ATCO currently has a consensus rating of “Hold” and an average target price of C$78.29.

ATCO Stock Down 2.0%

Shares of TSE:ACO.X opened at C$79.81 on Thursday. ATCO has a 52-week low of C$47.52 and a 52-week high of C$81.41. The stock has a market cap of C$8.06 billion, a P/E ratio of 57.42, a price-to-earnings-growth ratio of 3.80 and a beta of 0.35. The business’s 50 day moving average is C$73.85 and its 200 day moving average is C$68.14. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.

ATCO (TSE:ACO.X) last issued its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Sell-side analysts predict that ATCO will post 4.1980634 EPS for the current year.

More ATCO News

Here are the key news stories impacting ATCO this week:

• Positive Sentiment: CIBC raised its price target on ATCO Ltd. (ACO.X) to C$88 from C$85, implying approximately 8.1% upside, supporting its constructive outlook. BayStreet.CA Tickerreport.com
• Positive Sentiment: BMO Capital Markets increased its target to C$85 from C$72 and upgraded its view to “outperform,” indicating about 4.4% potential upside. BayStreet.CA
• Neutral Sentiment: Royal Bank of Canada raised its target to C$80 from C$71 but maintained a “sector perform” rating, suggesting little upside from recent levels. BayStreet.CA
• Negative Sentiment: National Bank Financial lifted its target to C$79 from C$69 while retaining a “sector perform” rating. The new target implies roughly 1.2% downside, potentially limiting enthusiasm after ATCO’s strong rally. BayStreet.CA

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.