ATCO Ltd. (TSE:ACO.X) Given Consensus Recommendation of “Hold” by Analysts

Shares of ATCO Ltd. (TSE:ACO.X) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have covered the stock in the last year is C$78.29.

Several brokerages recently weighed in on ACO.X. BMO Capital Markets raised their price objective on shares of ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce boosted their target price on shares of ATCO from C$85.00 to C$88.00 in a research report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on shares of ATCO from C$71.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Scotiabank raised their target price 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. Finally, Scotia upped their price target on ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th.

ATCO Price Performance

ACO.X opened at C$77.00 on Friday. The stock has a fifty day moving average price of C$75.56 and a 200 day moving average price of C$70.02. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. ATCO has a 1 year low of C$47.52 and a 1 year high of C$81.41. The stock has a market cap of C$8.66 billion, a price-to-earnings ratio of 48.12, a PEG ratio of 3.80 and a beta of 0.37.

ATCO (TSE:ACO.X) last issued its earnings results on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Analysts forecast that ATCO will post 4.1980634 EPS for the current fiscal year.

ATCO Company Profile

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.