ATCO Ltd. (TSE:ACO.X) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ATCO Ltd. (TSE:ACO.X) has been given a consensus rating of “Moderate Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$45.50.

A number of equities analysts have recently issued reports on the company. BMO Capital Markets increased their target price on ATCO from C$49.00 to C$50.00 and gave the stock an “outperform” rating in a research note on Friday. National Bankshares increased their price target on shares of ATCO from C$38.00 to C$39.00 in a report on Friday. Royal Bank of Canada boosted their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. CIBC increased their target price on shares of ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday. Finally, Scotiabank decreased their price target on ATCO from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd.

ATCO Trading Up 1.2 %

Shares of ATCO stock opened at C$38.26 on Tuesday. The firm has a market cap of C$3.82 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 3.80 and a beta of 0.68. ATCO has a 52-week low of C$32.90 and a 52-week high of C$45.59. The company’s 50-day simple moving average is C$37.43 and its 200-day simple moving average is C$37.43. The company has a quick ratio of 1.48, a current ratio of 1.14 and a debt-to-equity ratio of 131.44.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.