ATCO Ltd. (ACO.X.TO) – What Are Investment Firms Thinking About This Stock?

Shares of ATCO Ltd. (TSE:ACO.X) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$81.86.

Several equities research analysts have recently issued reports on the company. National Bank Financial raised their price target on ATCO from C$79.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Thursday, October 8th. BMO Capital Markets increased their target price on ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note 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. Canadian Imperial Bank of Commerce dropped their price target on ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Finally, Royal Bank Of Canada upped their price target on ATCO from C$80.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Thursday, October 8th.

ATCO Stock Up 1.4%

ATCO stock opened at C$84.39 on Friday. The firm has a market cap of C$8.52 billion, a price-to-earnings ratio of 52.74, a P/E/G ratio of 3.80 and a beta of 0.20. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. ATCO has a fifty-two week low of C$52.45 and a fifty-two week high of C$85.00. The firm has a fifty day moving average price of C$76.48 and a two-hundred day moving average price of C$71.07.

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.