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

ATCO (TSE:ACO.X) had its target price lifted by CIBC from C$48.00 to C$49.00 in a report released on Friday, BayStreet.CA reports. They currently have an outperform rating on the stock.

ACO.X has been the subject of a number of other research reports. Scotiabank reduced their price objective on ATCO from C$43.00 to C$41.00 and set an outperform rating for the company in a research report on Monday, April 22nd. Royal Bank of Canada lifted their price target on ATCO from C$45.00 to C$46.00 and gave the company a sector perform rating in a report on Friday, March 1st. BMO Capital Markets raised their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the company an outperform rating in a research report on Friday, March 1st. Finally, National Bankshares lifted their target price on shares of ATCO from C$38.00 to C$39.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$45.50.

ATCO Price Performance

ACO.X stock opened at C$37.80 on Friday. The company has a 50 day moving average of C$37.41 and a two-hundred day moving average of C$37.40. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.80 and a beta of 0.68. ATCO has a 12-month low of C$32.90 and a 12-month high of C$45.59. The company has a quick ratio of 1.48, a current ratio of 1.14 and a debt-to-equity ratio of 131.44.

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.