ATCO (TSE:ACO.X) Price Target Lowered to C$58.00 at CIBC

ATCO (TSE:ACO.X) had its price target cut by equities research analysts at CIBC from C$59.00 to C$58.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 20.23% from the stock’s current price.

Several other research analysts also recently weighed in on ACO.X. Royal Bank of Canada boosted their price target on ATCO from C$50.00 to C$51.00 in a report on Friday. BMO Capital Markets upped their price target on shares of ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. 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 research report on Friday, August 23rd. Finally, Scotiabank upped their target price on shares of ATCO from C$45.00 to C$49.00 in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$51.10.

ATCO Stock Down 0.2 %

Shares of ATCO stock traded down C$0.10 during trading on Friday, hitting C$48.24. 52,416 shares of the company were exchanged, compared to its average volume of 194,775. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. ATCO has a fifty-two week low of C$35.56 and a fifty-two week high of C$49.32. The stock has a market cap of C$4.81 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The stock has a 50 day moving average of C$47.08.

Insider Transactions at ATCO

In other ATCO news, insider Sentgraf Enterprises Ltd. purchased 1,000 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were acquired at an average cost of C$45.65 per share, with a total value of C$45,650.00. Insiders purchased 12,000 shares of company stock valued at $569,150 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

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.