ATCO Ltd. (TSE:ACO.X) Given Consensus Rating of “Hold” by Analysts

Shares of ATCO Ltd. (TSE:ACO.X) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$69.86.

Several analysts recently weighed in on the company. TD Securities upped their price target on ATCO from C$57.00 to C$67.00 and gave the stock a “hold” rating in a research note on Tuesday, March 3rd. Royal Bank Of Canada upped their price target on 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. National Bank Financial increased their target price on ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a research note on Monday. Canadian Imperial Bank of Commerce increased their target price on ATCO from C$72.00 to C$82.00 in a research note on Monday, April 20th. Finally, BMO Capital Markets increased their target price on ATCO from C$63.00 to C$69.00 in a research note on Friday, February 27th.

ATCO Stock Performance

ATCO stock opened at C$67.65 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. The company has a market capitalization of C$6.83 billion, a P/E ratio of 48.67, a PEG ratio of 3.80 and a beta of 0.46. The stock’s 50 day moving average is C$68.57 and its 200 day moving average is C$62.28. ATCO has a twelve month low of C$47.52 and a twelve month high of C$72.37.

ATCO (TSE:ACO.X) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. The company 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%. On average, equities research analysts predict that ATCO will post 4.1980634 earnings per share for the current fiscal year.

About ATCO

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.