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

ATCO Ltd. (TSE:ACO.X) has been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$78.29.

A number of analysts have recently weighed in on the company. Royal Bank Of Canada raised their target price on ATCO from C$71.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. BMO Capital Markets upped their target price on shares of ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce upped their price target on ATCO from C$85.00 to C$88.00 in a research note on Thursday, July 30th. National Bank Financial raised their price objective on ATCO from C$69.00 to C$79.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Finally, Scotiabank raised their target price on shares of ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st.

ATCO Stock Up 2.5%

ATCO stock opened at C$72.29 on Thursday. ATCO has a fifty-two week low of C$47.52 and a fifty-two week high of C$81.41. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The firm has a market cap of C$8.13 billion, a price-to-earnings ratio of 45.18, a P/E/G ratio of 3.80 and a beta of 0.28. The firm has a fifty day moving average price of C$75.75 and a two-hundred day moving average price of C$71.59.

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