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

ATCO Ltd. (TSE:ACO.X) has been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$69.86.

A number of brokerages have issued reports on ACO.X. National Bank Financial lifted their target price on shares of ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Scotia lifted their target price on shares of ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. TD Securities lifted their target price on shares of ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. Canadian Imperial Bank of Commerce lifted their target price on shares of ATCO from C$72.00 to C$82.00 in a research note on Monday, April 20th. Finally, Royal Bank Of Canada lifted their target price on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th.

ATCO Trading Up 1.1%

TSE ACO.X opened at C$74.19 on Friday. ATCO has a twelve month low of C$47.52 and a twelve month high of C$74.26. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock has a market cap of C$7.49 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 3.80 and a beta of 0.36. The firm’s 50 day moving average price is C$69.81 and its two-hundred day moving average price is C$64.41.

ATCO (TSE:ACO.X) last issued its earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share (EPS) for the quarter. The company had revenue of C$1.43 billion during the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. Equities analysts anticipate that ATCO will post 4.1980634 EPS for the current 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.