ATCO (TSE:ACO.X) Given New C$39.00 Price Target at National Bankshares

ATCO (TSE:ACO.X) had its target price upped by National Bankshares from C$38.00 to C$39.00 in a research note issued to investors on Friday, BayStreet.CA reports.

ACO.X has been the subject of a number of other research reports. Scotiabank dropped their price objective on shares of ATCO from C$43.00 to C$41.00 and set an outperform rating for the company in a report on Monday, April 22nd. BMO Capital Markets boosted their price target on shares of ATCO from C$48.00 to C$49.00 and gave the stock an outperform rating in a research note on Friday, March 1st. Royal Bank of Canada upped their price objective 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. Finally, CIBC decreased their target price on ATCO from C$49.00 to C$48.00 and set an outperform rating for the company in a report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, ATCO presently has a consensus rating of Moderate Buy and an average target price of C$45.50.

ATCO Stock Performance

TSE ACO.X opened at C$37.80 on Friday. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48. The company has a market cap of C$3.77 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.80 and a beta of 0.68. The stock has a 50-day moving average of C$37.41 and a two-hundred day moving average of C$37.40. ATCO has a 1-year low of C$32.90 and a 1-year high of C$45.59.

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.