CIBC Issues Positive Forecast for ATCO (TSE:ACO.X) Stock Price

ATCO (TSE:ACO.X) had its price target boosted by CIBC from C$58.00 to C$59.00 in a report released on Friday,BayStreet.CA reports.

ACO.X has been the topic of several other reports. Royal Bank of Canada lifted their price target on shares of ATCO from C$50.00 to C$51.00 in a research note on Friday, November 15th. Scotiabank raised their target price on shares of ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, ATCO has an average rating of “Hold” and a consensus target price of C$51.70.

ATCO Trading Up 1.2 %

ACO.X stock opened at C$47.08 on Friday. The company has a market capitalization of C$4.70 billion, a PE ratio of 13.77, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. ATCO has a one year low of C$35.56 and a one year high of C$50.67. The company’s 50 day moving average price is C$47.10 and its two-hundred day moving average price is C$46.99. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Insider Activity

In related news, insider Sentgraf Enterprises Ltd. purchased 7,400 shares of the stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of C$49.00 per share, with a total value of C$362,600.00. Also, Director Dawn Lorraine Farrell bought 10,550 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was acquired at an average cost of C$47.36 per share, with a total value of C$499,689.15. In the last 90 days, insiders have acquired 22,950 shares of company stock worth $1,108,539. Corporate insiders own 0.61% of the company’s stock.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.