ATCO (TSE:ACO.X) Reaches New 12-Month High – What’s Next?

ATCO Ltd. (TSE:ACO.X) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$75.68 and last traded at C$75.28, with a volume of 201549 shares trading hands. The stock had previously closed at C$74.61.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ACO.X. Canadian Imperial Bank of Commerce upped their price objective on shares of ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. National Bank Financial raised 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. Scotia boosted their target price on shares of ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada upped their price target on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$69.86.

ATCO Stock Up 0.4%

The firm has a market cap of C$7.71 billion, a PE ratio of 54.94, a PEG ratio of 3.80 and a beta of 0.35. The business’s 50 day moving average price is C$71.59 and its 200 day moving average price is C$66.32. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

ATCO (TSE:ACO.X) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. The firm had revenue of C$1.43 billion for the quarter. On average, equities research analysts expect that ATCO Ltd. 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.