ATCO (TSE:ACO.X) Price Target Raised to C$39.00

ATCO (TSE:ACO.X) had its target price lifted by National Bankshares from C$38.00 to C$39.00 in a research note published on Friday morning, BayStreet.CA reports.

Other research analysts have also issued reports about the stock. BMO Capital Markets raised 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, March 1st. Royal Bank of Canada lifted 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 research note on Friday, March 1st. Scotiabank lowered their price target on shares of ATCO from C$43.00 to C$41.00 and set an outperform rating for the company in a report on Monday, April 22nd. Finally, CIBC reduced their price objective on ATCO from C$49.00 to C$48.00 and set an outperform rating on the stock in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ATCO has an average rating of Moderate Buy and an average price target of C$45.50.

ATCO Price Performance

Shares of ATCO stock opened at C$38.26 on Friday. The firm has a market cap of C$3.82 billion, a PE ratio of 10.02, a PEG ratio of 3.80 and a beta of 0.68. The stock has a 50 day moving average of C$37.43 and a 200 day moving average of C$37.43. The company has a current ratio of 1.14, a quick ratio of 1.48 and a debt-to-equity ratio of 131.44. ATCO has a 12 month low of C$32.90 and a 12 month high of C$45.59.

About ATCO

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.