ATCO (TSE:ACO.X) Receives Outperform Rating from BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of ATCO (TSE:ACO.X) in a report published on Tuesday, Stock Target Advisor reports.

ACO.X has been the subject of several other reports. CIBC boosted their price target on ATCO from C$49.00 to C$50.00 in a research note on Friday, July 30th. CSFB lifted their price objective on ATCO from C$46.50 to C$47.00 in a report on Wednesday, September 1st. National Bank Financial lifted their price objective on ATCO from C$44.00 to C$45.00 and gave the company a sector perform rating in a report on Tuesday, August 3rd. UBS Group lifted their price objective on ATCO from C$41.00 to C$44.00 in a report on Friday, June 11th. Finally, Credit Suisse Group reaffirmed a neutral rating on shares of ATCO in a report on Thursday, September 2nd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, ATCO has a consensus rating of Buy and a consensus price target of C$47.11.

ACO.X opened at C$40.76 on Tuesday. The business has a fifty day simple moving average of C$42.59 and a 200 day simple moving average of C$42.86. The company has a market capitalization of C$4.66 billion and a PE ratio of 21.80. ATCO has a 1 year low of C$35.68 and a 1 year high of C$46.19. The company has a debt-to-equity ratio of 124.09, a current ratio of 1.40 and a quick ratio of 1.14.

In other news, insider Sentgraf Enterprises Ltd. acquired 7,400 shares of the business’s stock in a transaction that occurred on Friday, August 20th. The shares were bought at an average price of C$42.98 per share, with a total value of C$318,016.48. Following the acquisition, the insider now directly owns 26,300,936 shares in the company, valued at approximately C$1,130,287,984.79.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing; modular facilities; construction and site support; workforce lodging; facility operations and maintenance; defense operations; and disaster and emergency management services.

Read More: Growth and Income Funds

Analyst Recommendations for ATCO (TSE:ACO.X)

Receive News & Ratings for ATCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATCO and related companies with MarketBeat.com's FREE daily email newsletter.