CIBC Boosts ATCO (TSE:ACO.X) Price Target to C$51.00

ATCO (TSE:ACO.X) had its target price increased by equities researchers at CIBC from C$49.00 to C$51.00 in a research note issued on Tuesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective would indicate a potential upside of 17.43% from the stock’s previous close.

A number of other research firms have also recently issued reports on ACO.X. Royal Bank of Canada lifted their price objective on ATCO from C$46.00 to C$47.00 and gave the company a “sector perform” rating in a research report on Tuesday. Scotiabank boosted their price target on ATCO from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Monday, May 13th. BMO Capital Markets increased their price objective on ATCO from C$50.00 to C$50.50 in a report on Friday, May 10th. Finally, National Bankshares lifted their price objective on shares of ATCO from C$38.00 to C$39.00 in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$46.58.

ATCO Stock Down 0.1 %

ATCO stock traded down C$0.06 during trading hours on Tuesday, hitting C$43.43. The company had a trading volume of 123,442 shares, compared to its average volume of 202,222. The firm’s fifty day moving average is C$39.95 and its 200-day moving average is C$38.60. The firm has a market capitalization of C$4.33 billion, a P/E ratio of 11.87, a price-to-earnings-growth ratio of 3.80 and a beta of 0.67. ATCO has a fifty-two week low of C$32.90 and a fifty-two week high of C$43.88. The company has a debt-to-equity ratio of 128.41, a current ratio of 1.18 and a quick ratio of 1.48.

Insider Transactions at ATCO

In other news, insider Sentgraf Enterprises Ltd. purchased 59,200 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was bought at an average cost 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 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.