ATCO (TSE:ACO.X) Reaches New 12-Month High – Still a Buy?

ATCO Ltd. (TSE:ACO.X)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$74.78 and last traded at C$74.72, with a volume of 7348 shares traded. The stock had previously closed at C$74.47.

Analyst Ratings Changes

ACO.X has been the subject of several recent research reports. Royal Bank Of Canada lifted their price target on ATCO from C$66.00 to C$71.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. National Bank Financial raised their target price on ATCO from C$62.00 to C$69.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Scotia lifted their target price on ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. Finally, Canadian Imperial Bank of Commerce upped their price target on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$69.86.

ATCO Stock Performance

The company has a 50-day moving average of C$70.74 and a 200 day moving average of C$65.49. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The firm has a market capitalization of C$7.55 billion, a PE ratio of 53.81, a PEG ratio of 3.80 and a beta of 0.35.

ATCO (TSE:ACO.X) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%.The firm had revenue of C$1.43 billion for the quarter. Equities research analysts predict that ATCO Ltd. will post 4.1980634 EPS for the current year.

About ATCO

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.