ATCO (TSE:ACO.X) Stock Price Expected to Rise, TD Securities Analyst Says

ATCO (TSE:ACO.X) had its price target increased by TD Securities from C$57.00 to C$67.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 2.17% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. Canadian Imperial Bank of Commerce boosted their price objective on shares of ATCO from C$68.00 to C$69.00 in a research report on Wednesday, January 21st. National Bank Financial boosted their price target on ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. Royal Bank Of Canada upped their price objective on ATCO from C$59.00 to C$66.00 in a research report on Friday, February 27th. Scotiabank lifted their target price on ATCO from C$56.00 to C$61.00 in a research report on Tuesday, December 16th. Finally, BMO Capital Markets boosted their target price on ATCO from C$63.00 to C$69.00 in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$64.33.

ATCO Stock Performance

Shares of ACO.X opened at C$65.58 on Tuesday. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. ATCO has a twelve month low of C$46.67 and a twelve month high of C$65.79. The firm’s 50 day moving average price is C$59.61 and its two-hundred day moving average price is C$54.85. The firm has a market cap of C$7.35 billion, a P/E ratio of 17.12, a PEG ratio of 3.80 and a beta of 0.46.

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.