ATCO (TSE:ACO.X) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

by · The Markets Daily

ATCO (TSE:ACO.X – Get Free Report) had its price target increased by analysts at Royal Bank Of Canada from C$80.00 to C$94.00 in a research note issued on Thursday, BayStreet reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 17.56% from the company’s previous close.

Several other research firms have also issued reports on ACO.X. Scotiabank upped their price target on 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. National Bank Financial boosted their target price on shares of ATCO from C$79.00 to C$93.00 and gave the company a “sector perform” rating in a research note on Thursday. Canadian Imperial Bank of Commerce dropped their target price on shares of ATCO from C$88.00 to C$85.00 in a report on Tuesday, September 22nd. Finally, BMO Capital Markets lifted their price target on shares of ATCO from C$72.00 to C$85.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, ATCO presently has a consensus rating of “Hold” and an average target price of C$81.86.

Read Our Latest Stock Analysis on ACO.X

ATCO Stock Down 2.4%

TSE:ACO.X traded down C$1.95 during mid-day trading on Thursday, reaching C$79.96. The stock had a trading volume of 366,416 shares, compared to its average volume of 277,826. The company has a market capitalization of C$9.00 billion, a price-to-earnings ratio of 49.97, a price-to-earnings-growth ratio of 3.80 and a beta of 0.20. ATCO has a 1-year low of C$50.45 and a 1-year high of C$85.00. The stock’s 50 day simple moving average is C$74.89 and its two-hundred day simple moving average is C$72.47. 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 (TSE:ACO.X – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 earnings per share (EPS) for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Equities analysts anticipate that ATCO will post 4.1980634 EPS for the current year.

ATCO Company Profile

(Get Free Report)

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.

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