ATCO (TSE:ACO.X) Reaches New 52-Week High – Should You Buy?

ATCO Ltd. (TSE:ACO.X)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as C$69.49 and last traded at C$69.39, with a volume of 37332 shares changing hands. The stock had previously closed at C$68.88.

Analyst Upgrades and Downgrades

ACO.X has been the topic of several research reports. Scotiabank boosted their price objective on shares of ATCO from C$56.00 to C$61.00 in a report on Tuesday, December 16th. National Bank Financial lifted their target price on ATCO from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. TD Securities boosted their price target on ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada raised their price objective on ATCO from C$59.00 to C$66.00 in a research report on Friday, February 27th. Finally, BMO Capital Markets lifted their price objective on ATCO from C$63.00 to C$69.00 in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$64.33.

ATCO Trading Down 0.1%

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’s 50 day simple moving average is C$64.00 and its 200 day simple moving average is C$57.57. The stock has a market cap of C$6.94 billion, a P/E ratio of 51.76, a PEG ratio of 3.80 and a beta of 0.40.

ATCO (TSE:ACO.X) last released its quarterly earnings data on Thursday, February 26th. The company reported C$1.37 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. On average, analysts expect that ATCO Ltd. will post 4.1980634 earnings per share for the current fiscal 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.