ATCO (TSE:ACO.X) Price Target Cut to C$48.00

ATCO (TSE:ACO.X) had its price target decreased by research analysts at CIBC from C$49.00 to C$48.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 31.58% from the company’s previous close.

Other equities analysts have also issued reports about the company. Royal Bank of Canada increased their price target on ATCO from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. Scotiabank lowered ATCO from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$46.00 to C$43.00 in a research note on Wednesday, January 24th. Finally, BMO Capital Markets raised their price objective on ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$45.33.

ATCO Price Performance

TSE ACO.X traded up C$0.27 on Friday, reaching C$36.48. 38,371 shares of the stock traded hands, compared to its average volume of 198,371. The firm’s fifty day simple moving average is C$37.33 and its 200 day simple moving average is C$37.15. The company has a quick ratio of 1.48, a current ratio of 1.14 and a debt-to-equity ratio of 131.44. The company has a market cap of C$3.64 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 3.80 and a beta of 0.68. ATCO has a 12 month low of C$32.90 and a 12 month high of C$45.59.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.