ATCO Ltd. (TSE:ACO.X) Stock Has Consensus Target Price of C$77.86 According to Brokerages

Shares of ATCO Ltd. (TSE:ACO.X) have earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$81.86.

Several analysts have recently commented on ACO.X shares. Scotiabank increased their target price on ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. National Bank Financial upped their price target on shares of ATCO from C$79.00 to C$93.00 and gave the stock a “sector perform” rating in a research report on Thursday. Royal Bank Of Canada increased their price objective on shares of ATCO from C$80.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Thursday. Canadian Imperial Bank of Commerce lowered their price objective on shares of ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Finally, BMO Capital Markets increased their price objective on ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th.

ATCO Trading Up 0.3%

Shares of ACO.X stock opened at C$79.76 on Monday. The firm has a fifty day moving average of C$74.86 and a 200-day moving average of C$72.62. The stock has a market cap of C$8.98 billion, a price-to-earnings ratio of 49.85, a P/E/G ratio of 3.80 and a beta of 0.20. ATCO has a 52-week low of C$50.50 and a 52-week high of C$85.00. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

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 net margin of 8.16% and a return on equity of 8.54%. On average, equities research analysts forecast that ATCO will post 4.20 earnings per share for the current fiscal year.

About ATCO

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.