ATCO Ltd. (TSE:ACO.X) Receives Average Rating of “Moderate Buy” from Brokerages

ATCO Ltd. (TSE:ACO.X) has been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$45.92.

ACO.X has been the topic of a number of research analyst reports. CIBC lifted their price target on shares of ATCO from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research note on Friday, May 3rd. National Bankshares increased their price objective on ATCO from C$38.00 to C$39.00 in a research note on Friday, May 3rd. BMO Capital Markets lifted their target price on shares of ATCO from C$50.00 to C$50.50 in a research note on Friday, May 10th. Finally, Scotiabank increased their target price on shares of 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

Shares of TSE ACO.X opened at C$38.68 on Wednesday. The firm’s 50 day simple moving average is C$39.37 and its 200-day simple moving average is C$38.21. ATCO has a 12 month low of C$32.90 and a 12 month high of C$41.17. The stock has a market capitalization of C$3.86 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 3.80 and a beta of 0.67. The company has a debt-to-equity ratio of 128.41, a current ratio of 1.18 and a quick ratio of 1.48.

Insiders Place Their Bets

In related news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of the stock in a transaction 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. 0.61% of the stock is currently owned by corporate insiders.

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.