BMO Capital Markets Boosts ATCO (TSE:ACO.X) Price Target to C$52.50

ATCO (TSE:ACO.X) had its target price increased by BMO Capital Markets from C$50.50 to C$52.50 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Several other equities analysts also recently issued reports on the stock. National Bankshares upped their price objective on shares of ATCO from C$40.00 to C$45.00 and gave the company a sector perform rating in a report on Friday, August 23rd. CIBC upped their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the company an outperform rating in a report on Tuesday, August 6th. Royal Bank of Canada upped their price objective on shares of ATCO from C$46.00 to C$47.00 and gave the company a sector perform rating in a report on Tuesday, August 6th. Finally, Scotiabank upped their price objective on shares of ATCO from C$43.00 to C$45.00 and gave the company a sector perform rating in a report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of C$48.08.

ATCO Stock Down 2.0 %

TSE:ACO.X opened at C$44.88 on Thursday. ATCO has a 1-year low of C$32.90 and a 1-year high of C$46.28. The company has a 50-day moving average of C$42.41 and a 200 day moving average of C$39.78. The firm has a market cap of C$4.48 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 3.80 and a beta of 0.73. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Insider Buying and Selling

In related news, Senior Officer James Landon sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$43.56, for a total transaction of C$56,628.00. In related news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of the firm’s stock in a transaction dated 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. Also, Senior Officer James Landon sold 1,300 shares of ATCO stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total value of C$56,628.00. In the last ninety days, insiders sold 2,009 shares of company stock valued at $86,996. 0.61% of the stock is currently owned by insiders.

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.