ATCO (TSE:ACO.X) Sets New 12-Month High – Here’s What Happened

Shares of ATCO Ltd. (TSE:ACO.X) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$78.75 and last traded at C$78.59, with a volume of 5784 shares traded. The stock had previously closed at C$78.45.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ACO.X shares. Scotia increased their price objective on shares of ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Royal Bank Of Canada upped their target price on shares of ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce lifted their price target on ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. Finally, National Bank Financial increased their target price on shares of ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$69.86.

ATCO Stock Performance

The stock has a market cap of C$7.96 billion, a PE ratio of 56.75, a P/E/G ratio of 3.80 and a beta of 0.35. The firm’s 50-day moving average is C$71.98 and its 200 day moving average is C$66.63. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

ATCO (TSE:ACO.X) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$1.47 earnings per share (EPS) for the quarter. The company 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%. As a group, research analysts anticipate that ATCO Ltd. will post 4.1980634 EPS for the current 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.