National Bank Financial Issues Positive Forecast for ATCO (TSE:ACO.X) Stock Price

ATCO (TSE:ACO.X) had its target price hoisted by National Bank Financial from C$69.00 to C$79.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts have also issued reports about the company. Scotiabank raised their target price on ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Scotia upped their price target on ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased their price target on ATCO from C$85.00 to C$88.00 in a research note on Thursday. Royal Bank Of Canada raised their price objective on ATCO from C$71.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, BMO Capital Markets lifted their price objective on ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, ATCO currently has a consensus rating of “Hold” and a consensus price target of C$78.29.

ATCO Trading Down 2.0%

Shares of TSE ACO.X opened at C$79.81 on Friday. 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 has a 52-week low of C$47.52 and a 52-week high of C$81.41. The firm has a 50 day moving average price of C$73.85 and a two-hundred day moving average price of C$68.14. The stock has a market cap of C$8.06 billion, a P/E ratio of 57.42, a price-to-earnings-growth ratio of 3.80 and a beta of 0.35.

ATCO (TSE:ACO.X) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. As a group, equities analysts forecast that ATCO will post 4.1980634 EPS for the current year.

Key Stories Impacting ATCO

Here are the key news stories impacting ATCO this week:

• Positive Sentiment: CIBC raised its price target on ATCO Ltd. (ACO.X) to C$88 from C$85, implying approximately 8.1% upside, supporting its constructive outlook. BayStreet.CA Tickerreport.com
• Positive Sentiment: BMO Capital Markets increased its target to C$85 from C$72 and upgraded its view to “outperform,” indicating about 4.4% potential upside. BayStreet.CA
• Neutral Sentiment: Royal Bank of Canada raised its target to C$80 from C$71 but maintained a “sector perform” rating, suggesting little upside from recent levels. BayStreet.CA
• Negative Sentiment: National Bank Financial lifted its target to C$79 from C$69 while retaining a “sector perform” rating. The new target implies roughly 1.2% downside, potentially limiting enthusiasm after ATCO’s strong rally. BayStreet.CA

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.