ATCO Ltd. (TSE:ACO.X) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ATCO Ltd. (TSE:ACO.X) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$45.92.

A number of equities research analysts recently commented on ACO.X shares. CIBC boosted their target price on ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. BMO Capital Markets boosted their target price on ATCO from C$50.00 to C$50.50 in a research report on Friday, May 10th. National Bankshares upped their price objective on ATCO from C$38.00 to C$39.00 in a research report on Friday, May 3rd. Finally, Scotiabank upped their price objective on ATCO from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Monday, May 13th.

ATCO Price Performance

TSE:ACO.X opened at C$41.74 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.48 and a debt-to-equity ratio of 128.41. The company has a market capitalization of C$4.16 billion, a P/E ratio of 11.40, a P/E/G ratio of 3.80 and a beta of 0.67. ATCO has a 12 month low of C$32.90 and a 12 month high of C$42.15. The business’s 50-day moving average is C$39.69 and its 200 day moving average is C$38.41.

Insider Transactions at ATCO

In other news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were bought at an average price of C$42.00 per share, with a total value of C$2,486,400.00. Company insiders own 0.61% of the company’s stock.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.