ATCO (TSE:ACO.X) Price Target Raised to C$49.00

ATCO (TSE:ACO.X) had its price objective upped by analysts at Scotiabank from C$45.00 to C$49.00 in a note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s price target suggests a potential upside of 0.93% from the company’s current price.

ACO.X has been the subject of several other research reports. BMO Capital Markets boosted their price objective on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. CIBC boosted their price target on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. National Bankshares raised their price objective on shares of ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada boosted their target price on shares of ATCO from C$47.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, ATCO presently has a consensus rating of “Hold” and a consensus price target of C$51.10.

ATCO Price Performance

ACO.X stock opened at C$48.55 on Friday. ATCO has a 1 year low of C$35.56 and a 1 year high of C$49.32. The stock has a market capitalization of C$4.84 billion, a PE ratio of 14.20, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company’s 50-day moving average is C$47.21 and its 200-day moving average is C$42.87. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Insider Buying and Selling at ATCO

In other ATCO news, insider Sentgraf Enterprises Ltd. purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The shares were acquired at an average cost of C$47.50 per share, for a total transaction of C$475,000.00. In the last three months, insiders have purchased 12,000 shares of company stock worth $569,150. Corporate insiders own 0.61% of the company’s stock.

About ATCO

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.