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

Shares of ATCO Ltd. (TSE:ACO.X) have been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average twelve-month price objective among brokers that have covered the stock in the last year is C$69.86.

A number of brokerages have weighed in on ACO.X. Scotia lifted their price target on shares of ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. National Bank Financial lifted their price target on shares of ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Canadian Imperial Bank of Commerce lifted their price target on shares of ATCO from C$72.00 to C$82.00 in a research note on Monday, April 20th. Royal Bank Of Canada lifted 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 research note on Thursday, May 7th. Finally, BMO Capital Markets lifted their price target on shares of ATCO from C$63.00 to C$69.00 in a research note on Friday, February 27th.

ATCO Stock Down 1.6%

ATCO stock opened at C$70.98 on Tuesday. 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 has a fifty-two week low of C$47.52 and a fifty-two week high of C$72.48. The company’s 50 day simple moving average is C$69.04 and its 200 day simple moving average is C$62.79. The firm has a market capitalization of C$7.17 billion, a price-to-earnings ratio of 51.06, a PEG ratio of 3.80 and a beta of 0.36.

ATCO (TSE:ACO.X) last announced 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. As a group, sell-side analysts anticipate that ATCO will post 4.1980634 EPS 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.