ATCO (TSE:ACO.X) Price Target Raised to C$54.00

ATCO (TSE:ACO.X) had its price target lifted by investment analysts at National Bankshares from C$51.00 to C$54.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential downside of 2.61% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Scotiabank upped their price objective on ATCO from C$56.00 to C$61.00 in a report on Tuesday. TD Securities lifted their target price on ATCO from C$55.00 to C$57.00 and gave the company a “hold” rating in a research report on Tuesday, November 11th. CIBC increased their price target on ATCO from C$67.00 to C$68.00 in a report on Wednesday. Finally, Royal Bank Of Canada raised their price objective on ATCO from C$53.00 to C$59.00 in a research report on Monday, November 10th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, ATCO currently has an average rating of “Hold” and a consensus price target of C$59.80.

ATCO Trading Up 1.0%

Shares of ATCO stock traded up C$0.57 during mid-day trading on Wednesday, hitting C$55.45. The stock had a trading volume of 72,934 shares, compared to its average volume of 223,092. The firm has a 50-day moving average of C$53.89 and a two-hundred day moving average of C$51.60. ATCO has a 12-month low of C$44.42 and a 12-month high of C$57.09. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The firm has a market cap of C$6.22 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 3.80 and a beta of 0.38.

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.