ATCO (TSE:ACO.X) Sets New 1-Year High at $46.37

ATCO Ltd. (TSE:ACO.X) shares hit a new 52-week high during trading on Friday . The stock traded as high as C$46.37 and last traded at C$46.37, with a volume of 52757 shares trading hands. The stock had previously closed at C$45.86.

Analysts Set New Price Targets

Several equities analysts have issued reports on ACO.X shares. BMO Capital Markets upped their target price on shares of ATCO from C$50.50 to C$52.50 in a research note on Thursday, September 5th. National Bankshares raised their target price on shares of ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. CIBC boosted their target price on shares of ATCO from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. Royal Bank of Canada raised their price target on ATCO from C$46.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 6th. Finally, Scotiabank upped their price objective on ATCO from C$43.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, ATCO has an average rating of “Moderate Buy” and a consensus price target of C$48.08.

ATCO Price Performance

The firm has a market cap of C$4.60 billion, a PE ratio of 13.50, a price-to-earnings-growth ratio of 3.80 and a beta of 0.73. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The stock has a 50 day simple moving average of C$43.07 and a 200-day simple moving average of C$40.09.

Insider Activity at ATCO

In related news, Senior Officer James Landon sold 1,300 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of C$43.56, for a total value of C$56,628.00. In related news, Senior Officer James Landon sold 1,300 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total value of C$56,628.00. Also, insider Sentgraf Enterprises Ltd. acquired 59,200 shares of the stock in a transaction on Friday, June 21st. The shares were acquired at an average price of C$42.00 per share, with a total value of C$2,486,400.00. Over the last ninety days, insiders sold 2,009 shares of company stock valued at $86,996. Corporate insiders own 0.61% of the company’s stock.

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.