ATCO Ltd. (TSE:ACO.X) Stock Has Consensus Price Target of C$77.86 According to Brokerages

Shares of ATCO Ltd. (TSE:ACO.X) have received a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$81.86.

Several analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their price target on shares of ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Scotiabank lifted their price target on shares of ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. National Bank Financial lifted their price target on shares of ATCO from C$79.00 to C$93.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Royal Bank Of Canada boosted their price objective on shares of ATCO from C$80.00 to C$94.00 and gave the company a “sector perform” rating in a research report on Thursday.

ATCO Stock Performance

ATCO stock opened at C$79.76 on Monday. ATCO has a 52-week low of C$50.50 and a 52-week high of C$85.00. The company has a market cap of C$8.98 billion, a P/E ratio of 49.85, a P/E/G ratio of 3.80 and a beta of 0.20. 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 business has a 50-day simple moving average of C$74.86 and a two-hundred day simple moving average of C$72.67.

ATCO (TSE:ACO.X) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. Analysts predict that ATCO will post 4.20 EPS for the current year.

About ATCO

As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.