ATCO (TSE:ACO.X) Price Target Raised to C$85.00

by · The Cerbat Gem

ATCO (TSE:ACO.X – Free Report) had its price objective increased by BMO Capital Markets from C$72.00 to C$85.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

ACO.X has been the subject of several other research reports. National Bank Financial boosted their price objective on ATCO from C$62.00 to C$69.00 and gave the company a “sector perform” rating in a report on Monday, June 1st. Scotia raised their target price on ATCO from C$67.00 to C$70.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Scotiabank lifted their price target on ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada boosted their price target on ATCO from C$71.00 to C$80.00 and gave the company a “sector perform” rating in a report on Thursday. Finally, Canadian Imperial Bank of Commerce boosted their price target on ATCO from C$85.00 to C$88.00 in a report on Thursday. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$78.29.

Read Our Latest Research Report on ATCO

ATCO Stock Down 2.0%

TSE:ACO.X opened at C$79.81 on Thursday. The firm has a market capitalization of C$8.06 billion, a P/E ratio of 57.42, a PEG ratio of 3.80 and a beta of 0.35. ATCO has a 1-year low of C$47.52 and a 1-year high of C$81.41. The company’s fifty day moving average price is C$73.85 and its 200-day moving average price is C$68.14. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

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

ATCO News Roundup

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

(Get Free Report)

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.

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