ATCO Ltd. (TSE:ACO.X) Receives Average Recommendation of “Hold” from Brokerages

Shares of ATCO Ltd. (TSE:ACO.X) have received an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$69.86.

Several brokerages have recently issued reports on ACO.X. Royal Bank Of Canada increased their target price on ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. BMO Capital Markets increased their target price on ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. TD Securities increased their target price on ATCO from C$57.00 to C$67.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce increased their target price on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. Finally, Scotia increased their target price on ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th.

ATCO Stock Down 0.5%

Shares of TSE:ACO.X opened at C$67.65 on Tuesday. ATCO has a 52-week low of C$47.52 and a 52-week high of C$72.37. The firm has a market capitalization of C$6.83 billion, a P/E ratio of 48.67, a P/E/G ratio of 3.80 and a beta of 0.46. The stock has a 50 day moving average price of C$68.57 and a 200-day moving average price of C$62.28. 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 (TSE:ACO.X) last announced its earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share (EPS) for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%.The firm had revenue of C$1.43 billion during the quarter. As a group, equities research analysts anticipate 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.