Scotia Raises ATCO (TSE:ACO.X) Price Target to C$70.00

ATCO (TSE:ACO.X) had its price objective boosted by analysts at Scotia from C$67.00 to C$70.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotia’s price target would suggest a potential upside of 3.03% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their price objective on shares of ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce increased their price objective on shares of ATCO from C$72.00 to C$82.00 in a research note on Monday, April 20th. Royal Bank Of Canada upped their price target on ATCO from C$59.00 to C$66.00 in a research report on Friday, February 27th. Finally, TD Securities upped their price target on shares of ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$67.71.

ATCO Stock Performance

Shares of ACO.X traded up C$0.12 on Thursday, reaching C$67.94. The company’s stock had a trading volume of 92,278 shares, compared to its average volume of 238,159. ATCO has a 12-month low of C$47.52 and a 12-month high of C$72.37. The stock has a market capitalization of C$7.64 billion, a P/E ratio of 51.08, a PEG ratio of 3.80 and a beta of 0.46. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The stock’s 50 day simple moving average is C$67.35 and its two-hundred day simple moving average is C$60.29.

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 net margin of 8.16% and a return on equity of 8.54%. Research analysts forecast that ATCO will post 4.1980634 earnings per share for the current fiscal year.

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.