ATCO (TSE:ACO.X) Price Target Cut to C$41.00

ATCO (TSE:ACO.X) had its price objective decreased by Scotiabank from C$43.00 to C$41.00 in a research report report published on Monday, BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

ACO.X has been the subject of a number of other research reports. BMO Capital Markets boosted their target price on shares of ATCO from C$48.00 to C$49.00 and gave the company an outperform rating in a research report on Friday, March 1st. Royal Bank of Canada boosted their target price on shares of ATCO from C$45.00 to C$46.00 and gave the company a sector perform rating in a research report on Friday, March 1st. Finally, CIBC reduced their target price on shares of ATCO from C$49.00 to C$48.00 and set an outperform rating for the company in a research report on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of C$45.00.

ATCO Trading Up 2.4 %

ACO.X stock opened at C$37.77 on Monday. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48. The company has a fifty day moving average price of C$37.35 and a two-hundred day moving average price of C$37.25. ATCO has a one year low of C$32.90 and a one year high of C$45.59. The stock has a market cap of C$3.77 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 3.80 and a beta of 0.68.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.