ATCO Ltd. (TSE:ACO.X) Given Average Recommendation of “Moderate Buy” by Analysts

ATCO Ltd. (TSE:ACO.X) has received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$45.92.

ACO.X has been the topic of a number of research reports. National Bankshares upped their price target on shares of ATCO from C$38.00 to C$39.00 in a report on Friday, May 3rd. BMO Capital Markets increased their target price on ATCO from C$50.00 to C$50.50 in a report on Friday, May 10th. CIBC upped their price objective on ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Finally, Scotiabank raised their price target on shares of ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Monday, May 13th.

Insider Buying and Selling at ATCO

In other ATCO news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of the company’s stock in a transaction on Friday, June 21st. The stock was acquired at an average price of C$42.00 per share, for a total transaction of C$2,486,400.00. Insiders own 0.61% of the company’s stock.

ATCO Stock Performance

ACO.X stock opened at C$38.97 on Wednesday. ATCO has a 1-year low of C$32.90 and a 1-year high of C$41.17. The business’s 50-day moving average price is C$39.28 and its two-hundred day moving average price is C$38.19. The firm has a market cap of C$3.89 billion, a PE ratio of 10.65, a P/E/G ratio of 3.80 and a beta of 0.67. The company has a current ratio of 1.18, a quick ratio of 1.48 and a debt-to-equity ratio of 128.41.

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.