ATCO (TSE:ACO.X) Reaches New 12-Month High – Still a Buy?

ATCO Ltd. (TSE:ACO.X)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$85.06 and last traded at C$85.06, with a volume of 21,228 shares. The stock had previously closed at C$84.39.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank Of Canada lifted their target price on ATCO from C$80.00 to C$94.00 and gave the company a “sector perform” rating in a research note on Thursday, October 8th. Scotiabank raised their price target on ATCO from C$70.00 to C$79.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. National Bank Financial boosted their price objective on ATCO from C$79.00 to C$93.00 and gave the company a “sector perform” rating in a research report on Thursday, October 8th. Canadian Imperial Bank of Commerce lowered their price objective on ATCO from C$88.00 to C$85.00 in a research note on Tuesday, September 22nd. Finally, BMO Capital Markets increased their target price on ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$81.86.

ATCO Trading Up 1.4%

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 business has a fifty day moving average of C$76.48 and a 200-day moving average of C$71.07. The stock has a market capitalization of C$8.64 billion, a price-to-earnings ratio of 53.47, a price-to-earnings-growth ratio of 3.80 and a beta of 0.20.

ATCO Company Profile

As a global enterprise, ATCO Ltd. and its subsidiary and affiliate companies have approximately 20,000 employees and assets of $28 billion. ATCO is focused on delivering essential solutions across the housing, energy and defence sectors, helping build, power and protect a future everyone can count on. ATCO Structures delivers innovative modular solutions that help communities address growing housing demand while supporting industry and economic growth. Canadian Utilities, an ATCO subsidiary, delivers safe and reliable energy services through its utilities, midstream and generation businesses.