ATCO (TSE:ACO.X) Hits New 52-Week High – Still a Buy?

ATCO Ltd. (TSE:ACO.X)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$73.97 and last traded at C$73.94, with a volume of 22184 shares. The stock had previously closed at C$73.40.

Analyst Ratings Changes

A number of research firms have weighed in on ACO.X. TD Securities lifted their price objective on ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. 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 report on Thursday, May 7th. Canadian Imperial Bank of Commerce raised their target price on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. National Bank Financial boosted their price target on 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. Finally, Royal Bank Of Canada upped their price target on ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$69.86.

ATCO Stock Up 1.1%

The firm’s 50-day moving average is C$69.81 and its two-hundred day moving average is C$64.41. 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 P/E ratio of 53.37, a PEG ratio of 3.80 and a beta of 0.36.

ATCO (TSE:ACO.X) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$1.47 EPS for the quarter. The firm had revenue of C$1.43 billion for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. On average, equities research analysts anticipate that ATCO Ltd. will post 4.1980634 earnings per share for the current year.

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.