ATCO Ltd. (TSE:ACO.X) Receives Consensus Rating of “Hold” from Analysts

Shares of ATCO Ltd. (TSE:ACO.X) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$78.29.

ACO.X has been the subject of a number of research analyst reports. Scotiabank increased their price target on shares of ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Canadian Imperial Bank of Commerce boosted their price objective on shares of ATCO from C$85.00 to C$88.00 in a report on Thursday, July 30th. BMO Capital Markets upped their target price on shares of ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. Royal Bank Of Canada increased their target price on shares of ATCO from C$71.00 to C$80.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, National Bank Financial lifted their price target on shares of ATCO from C$69.00 to C$79.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st.

ATCO Stock Down 0.3%

ATCO stock opened at C$71.38 on Thursday. ATCO has a twelve month low of C$47.52 and a twelve month high of C$81.41. The stock has a 50 day moving average of C$75.88 and a two-hundred day moving average of C$71.48. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The stock has a market capitalization of C$8.03 billion, a price-to-earnings ratio of 44.61, a PEG ratio of 3.80 and a beta of 0.28.

ATCO (TSE:ACO.X) last released its earnings results on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. As a group, research analysts expect that ATCO will post 4.1980634 earnings per share 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.