ATCO Ltd. (TSE:ACO.X) Receives C$45.92 Consensus PT from Brokerages

ATCO Ltd. (TSE:ACO.X) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$45.92.

Several equities research analysts have issued reports on the company. CIBC raised their price target on ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Scotiabank lifted their target price on ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th. National Bankshares lifted their target price on ATCO from C$38.00 to C$39.00 in a report on Friday, May 3rd. Finally, BMO Capital Markets lifted their target price on ATCO from C$50.00 to C$50.50 in a report on Friday, May 10th.

Insider Buying and Selling

In related news, insider Sentgraf Enterprises Ltd. purchased 59,200 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were bought at an average price of C$42.00 per share, for a total transaction of C$2,486,400.00. 0.61% of the stock is owned by company insiders.

ATCO Trading Up 1.6 %

Shares of ATCO stock opened at C$42.42 on Friday. The business has a fifty day simple moving average of C$39.73 and a two-hundred day simple moving average of C$38.43. ATCO has a 1 year low of C$32.90 and a 1 year high of C$42.55. The company has a market capitalization of C$4.23 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 3.80 and a beta of 0.67. The company has a debt-to-equity ratio of 128.41, a current ratio of 1.18 and a quick ratio of 1.48.

ATCO Company Profile

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.