ATCO (TSE:ACO.X) Price Target Raised to C$94.00

ATCO (TSE:ACO.X) had its target price hoisted by National Bank Financial from C$93.00 to C$94.00 in a report released on Monday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 9.05% from the company’s previous close.

ACO.X has been the subject of a number of other research reports. Royal Bank Of Canada raised their price target on shares of ATCO from C$80.00 to C$94.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 8th. Canadian Imperial Bank of Commerce decreased their price objective on ATCO from C$88.00 to C$85.00 in a report on Tuesday, September 22nd. BMO Capital Markets upped their price objective on ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. Finally, Scotiabank increased their target price on ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$82.71.

ATCO Price Performance

Shares of TSE:ACO.X traded up C$0.90 during midday trading on Monday, reaching C$86.20. 125,837 shares of the company’s stock were exchanged, compared to its average volume of 287,114. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The company’s 50 day simple moving average is C$77.11 and its two-hundred day simple moving average is C$71.49. ATCO has a 12 month low of C$52.48 and a 12 month high of C$86.67. The firm has a market capitalization of C$8.70 billion, a PE ratio of 53.88, a price-to-earnings-growth ratio of 3.80 and a beta of 0.27.

ATCO (TSE:ACO.X) last posted its earnings results on Friday, November 6th. The company reported C$1.00 earnings per share for the quarter. The business had revenue of C$1.33 billion for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. Equities research analysts expect that ATCO will post 4.20 earnings per share for the current fiscal year.

ATCO Company Profile

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.