ATCO (TSE:ACO.X) Price Target Cut to C$41.00 by Analysts at Scotiabank

ATCO (TSE:ACO.X) had its target price trimmed by Scotiabank from C$43.00 to C$41.00 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

ACO.X has been the topic of several other reports. Royal Bank of Canada raised their price target on ATCO from C$45.00 to C$46.00 and gave the stock a sector perform rating in a research report on Friday, March 1st. BMO Capital Markets raised their target price on shares of ATCO from C$48.00 to C$49.00 and gave the stock an outperform rating in a report on Friday, March 1st. Finally, CIBC decreased their target price on shares of ATCO from C$49.00 to C$48.00 and set an outperform rating on the stock in a research note on Friday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, ATCO has a consensus rating of Moderate Buy and an average target price of C$45.00.

ATCO Stock Down 0.4 %

Shares of TSE ACO.X opened at C$36.42 on Monday. The stock has a market capitalization of C$3.63 billion, a P/E ratio of 9.53, a PEG ratio of 3.80 and a beta of 0.68. ATCO has a one year low of C$32.90 and a one year high of C$45.59. The firm’s 50 day simple moving average is C$37.32 and its two-hundred day simple moving average is C$37.24. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48.

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.