ATCO (TSE:ACO.X) Price Target Raised to C$79.00

ATCO (TSE:ACO.X) had its price target lifted by Scotiabank from C$70.00 to C$79.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also recently issued reports about the stock. Canadian Imperial Bank of Commerce raised their target price on shares of ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. National Bank Financial boosted their price target on shares of ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Royal Bank Of Canada upped their price target on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Finally, Scotia raised 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 note on Thursday, May 7th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATCO has a consensus rating of “Hold” and an average price target of C$72.43.

ATCO Trading Up 1.9%

Shares of TSE ACO.X opened at C$80.11 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. ATCO has a 12 month low of C$47.52 and a 12 month high of C$80.28. The company has a market cap of C$8.09 billion, a price-to-earnings ratio of 57.63, a P/E/G ratio of 3.80 and a beta of 0.35. The business has a fifty day simple moving average of C$72.76 and a 200-day simple moving average of C$67.26.

ATCO (TSE:ACO.X) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. The firm had revenue of C$1.43 billion for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Sell-side analysts predict that ATCO 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.