ATCO (TSE:ACO.X) Hits New 12-Month High After Analyst Upgrade

ATCO Ltd. (TSE:ACO.X)’s share price hit a new 52-week high during mid-day trading on Tuesday after Royal Bank Of Canada raised their price target on the stock from C$94.00 to C$99.00. Royal Bank Of Canada currently has a sector perform rating on the stock. ATCO traded as high as C$86.79 and last traded at C$86.71, with a volume of 25,419 shares changing hands. The stock had previously closed at C$85.78.

Other analysts have also issued reports about the stock. National Bank Financial raised their price objective on shares of ATCO from C$93.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Monday. BMO Capital Markets boosted their price target on ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Canadian Imperial Bank of Commerce lowered their target price on shares of ATCO from C$88.00 to C$85.00 in a research note on Tuesday, September 22nd. Finally, Scotiabank boosted their target price on shares of ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$82.71.

ATCO Stock Performance

The company has a market cap of C$8.76 billion, a P/E ratio of 54.23, a P/E/G ratio of 3.80 and a beta of 0.27. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The business has a 50-day moving average of C$77.33 and a two-hundred day moving average of C$71.63.

ATCO (TSE:ACO.X) last posted its quarterly earnings data on Friday, November 6th. The company reported C$1.00 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. The firm had revenue of C$1.33 billion during the quarter. On average, sell-side analysts predict that ATCO Ltd. will post 4.20 EPS for the current fiscal year.

ATCO Company Profile

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.