ATCO (TSE:ACO.X) Price Target Raised to C$94.00

ATCO (TSE:ACO.X) had its price objective upped by National Bank Financial from C$93.00 to C$94.00 in a report published on Monday,BayStreet reports. The firm currently has a sector perform rating on the stock.

ACO.X has been the subject of a number of other reports. Scotiabank lifted their price target on shares of ATCO from C$70.00 to C$79.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada increased their price target on ATCO from C$80.00 to C$94.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 8th. BMO Capital Markets raised their price objective on ATCO from C$72.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. Finally, 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. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$82.71.

ATCO Price Performance

TSE:ACO.X opened at C$87.21 on Monday. ATCO has a 52 week low of C$52.48 and a 52 week high of C$87.36. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The firm’s 50-day simple moving average is C$77.86 and its 200 day simple moving average is C$71.92. The firm has a market cap of C$8.81 billion, a price-to-earnings ratio of 55.20, a P/E/G ratio of 3.80 and a beta of 0.27.

ATCO (TSE:ACO.X) last posted its quarterly earnings data on Friday, November 6th. The company reported C$1.00 earnings per share (EPS) for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. The firm had revenue of C$1.33 billion during the quarter. As a group, sell-side analysts predict that ATCO will post 4.20 earnings per share for the current year.

About ATCO

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.