ATCO Ltd. (TSE:ACO.X) Stock Has Average Price Target of C$77.86

Shares of ATCO Ltd. (TSE:ACO.X) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$77.86.

A number of research firms have weighed in on ACO.X. National Bank Financial upped their target price on ATCO from C$69.00 to C$79.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce lowered their price target on ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Royal Bank Of Canada boosted their price objective on ATCO from C$71.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. BMO Capital Markets upped their price objective on ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Finally, 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 research note on Tuesday, July 21st.

ATCO Trading Up 1.1%

Shares of TSE:ACO.X opened at C$81.91 on Monday. The company has a 50 day moving average of C$74.89 and a 200-day moving average of C$72.47. The firm has a market cap of C$9.22 billion, a P/E ratio of 51.19, a P/E/G ratio of 3.80 and a beta of 0.20. ATCO has a twelve month low of C$50.32 and a twelve month high of C$85.00. 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 (TSE:ACO.X) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share (EPS) for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. As a group, analysts anticipate that ATCO will post 4.1980634 earnings per share for the current fiscal year.

ATCO Company Profile

As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.