ATCO Ltd. (TSE:ACO.X) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ATCO Ltd. (TSE:ACO.X) have been assigned an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$69.86.

ACO.X has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce lifted their target price on shares of ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. Royal Bank Of Canada lifted their price objective on shares of ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. National Bank Financial upped 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 report on Monday, June 1st. Finally, Scotia increased their target price 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.

ATCO Stock Performance

Shares of ATCO stock opened at C$74.10 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The company has a fifty day simple moving average of C$70.21 and a 200-day simple moving average of C$64.94. The stock has a market cap of C$7.48 billion, a price-to-earnings ratio of 53.31, a PEG ratio of 3.80 and a beta of 0.36. ATCO has a 12-month low of C$47.52 and a 12-month high of C$74.73.

ATCO (TSE:ACO.X) last released 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 during the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. On average, equities analysts forecast that ATCO will post 4.1980634 EPS 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.