ATCO (TSE:ACO.X) Price Target Raised to C$69.00 at CIBC

ATCO (TSE:ACO.X) had its target price increased by equities research analysts at CIBC from C$68.00 to C$69.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price target indicates a potential upside of 19.27% from the stock’s current price.

A number of other analysts have also recently issued reports on the company. National Bankshares boosted their price objective on ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Scotiabank increased their price objective on shares of ATCO from C$56.00 to C$61.00 in a research note on Tuesday, December 16th. Royal Bank Of Canada lifted their target price on shares of ATCO from C$53.00 to C$59.00 in a research report on Monday, November 10th. Finally, TD Securities increased their price target on shares of ATCO from C$55.00 to C$57.00 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$60.00.

ATCO Stock Performance

ACO.X stock traded down C$0.96 during trading on Wednesday, reaching C$57.85. 64,344 shares of the stock were exchanged, compared to its average volume of 164,991. ATCO has a twelve month low of C$44.42 and a twelve month high of C$58.93. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The company has a market capitalization of C$6.49 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 3.80 and a beta of 0.38. The stock has a 50 day simple moving average of C$55.64 and a 200-day simple moving average of C$52.57.

ATCO Company Profile

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.