ATCO Ltd. (TSE:ACO.X) Given Consensus Rating of “Moderate Buy” by Analysts

ATCO Ltd. (TSE:ACO.X) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Three equities 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 target among analysts that have issued ratings on the stock in the last year is C$45.92.

A number of analysts recently weighed in on ACO.X shares. Scotiabank increased their price objective on shares of ATCO from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th. National Bankshares increased their price objective on shares of ATCO from C$38.00 to C$39.00 in a report on Friday, May 3rd. CIBC increased their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, BMO Capital Markets raised their target price on shares of ATCO from C$50.00 to C$50.50 in a research note on Friday, May 10th.

Insider Buying and Selling at ATCO

In other ATCO news, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of ATCO stock in a transaction dated Friday, June 21st. The stock was bought at an average price of C$42.00 per share, for a total transaction of C$2,486,400.00. 0.61% of the stock is owned by corporate insiders.

ATCO Stock Up 1.6 %

ACO.X stock opened at C$42.42 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.18 and a debt-to-equity ratio of 128.41. ATCO has a fifty-two week low of C$32.90 and a fifty-two week high of C$42.55. The firm’s 50-day simple moving average is C$39.73 and its 200 day simple moving average is C$38.43. The stock has a market cap of C$4.23 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67.

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.