ATCO (TSE:ACO.X) Sets New 12-Month High – Time to Buy?

Shares of ATCO Ltd. (TSE:ACO.X) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$55.25 and last traded at C$55.19, with a volume of 120935 shares. The stock had previously closed at C$53.59.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Securities lowered their price target on shares of ATCO from C$56.00 to C$55.00 and set a “hold” rating for the company in a report on Friday, August 1st. Scotiabank increased their price objective on ATCO from C$54.00 to C$55.00 and gave the company a “sector perform” rating in a research report on Monday, October 6th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$56.25.

ATCO Trading Up 2.8%

The business has a 50 day simple moving average of C$50.80 and a 200-day simple moving average of C$50.85. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The stock has a market capitalization of C$6.20 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 3.80 and a beta of 0.37.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.