ATCO (TSE:ACO.X) Price Target Raised to C$93.00

by · The Markets Daily

ATCO (TSE:ACO.X – Free Report) had its target price increased by National Bank Financial from C$79.00 to C$93.00 in a research note issued to investors on Thursday morning,BayStreet reports. The brokerage currently has a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on ACO.X. Canadian Imperial Bank of Commerce decreased their price target on shares of ATCO from C$88.00 to C$85.00 in a research report on Tuesday, September 22nd. Royal Bank Of Canada lifted their price target on shares of ATCO from C$71.00 to C$80.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. BMO Capital Markets boosted their price objective on shares of ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, 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. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, ATCO has a consensus rating of “Hold” and an average target price of C$81.86.

Get Our Latest Stock Analysis on ATCO

ATCO Stock Up 0.3%

Shares of ATCO stock opened at C$79.76 on Thursday. ATCO has a 52-week low of C$50.50 and a 52-week high of C$85.00. The business’s 50 day simple moving average is C$74.86 and its 200 day simple moving average is C$72.62. 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 firm has a market cap of C$8.98 billion, a PE ratio of 49.85, a P/E/G ratio of 3.80 and a beta of 0.20.

ATCO (TSE:ACO.X – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. On average, analysts predict that ATCO will post 4.20 earnings per share for the current fiscal year.

About ATCO

(Get Free Report)

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.

Recommended Stories