Brokerages Set ATCO Ltd. (TSE:ACO.X) PT at C$72.43

ATCO Ltd. (TSE:ACO.X) has been assigned an average rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$72.43.

Several research firms recently weighed in on ACO.X. Royal Bank Of Canada lifted their target price 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. Scotiabank increased their price target on ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Scotia upped their target price on ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce boosted their price target on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. Finally, National Bank Financial upped their price target on ATCO from C$62.00 to C$69.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st.

ATCO Trading Down 0.9%

TSE ACO.X opened at C$77.87 on Wednesday. ATCO has a one year low of C$47.52 and a one year high of C$80.61. The company’s 50 day moving average price is C$73.33 and its 200 day moving average price is C$67.73. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The firm has a market capitalization of C$7.86 billion, a price-to-earnings ratio of 56.02, a PEG ratio of 3.80 and a beta of 0.35.

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. On average, sell-side analysts predict 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.