ATCO (TSE:ACO.X) PT Lowered to C$46.00

ATCO (TSE:ACO.X – Get Free Report) had its target price dropped by equities research analysts at Scotiabank from C$48.00 to C$46.00 in a report released on Monday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 31.35% from the stock’s previous close.

A number of other research firms have also commented on ACO.X. Royal Bank of Canada reduced their price objective on ATCO from C$49.00 to C$45.00 and set a “sector perform” rating on the stock in a research note on Monday, September 11th. TD Securities reduced their price objective on ATCO from C$51.00 to C$50.00 and set a “buy” rating on the stock in a research note on Friday, July 28th. CIBC dropped their target price on ATCO from C$53.00 to C$51.00 and set an “outperform” rating for the company in a research report on Friday, July 21st. Finally, BMO Capital Markets dropped their target price on ATCO from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research report on Friday, September 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$48.00.

Get ATCO alerts:

Check Out Our Latest Stock Analysis on ATCO

ATCO Stock Performance

ACO.X opened at C$35.02 on Monday. The stock has a market cap of C$3.53 billion, a PE ratio of 10.01, a P/E/G ratio of 3.80 and a beta of 0.73. The company has a current ratio of 1.59, a quick ratio of 1.48 and a debt-to-equity ratio of 127.71. ATCO has a 1 year low of C$32.90 and a 1 year high of C$45.59. The stock’s 50 day simple moving average is C$36.33 and its 200-day simple moving average is C$39.71.

ATCO Company Profile

(Get Free Report)

ATCO Ltd., together with its subsidiaries, engages in the provision of housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing, modular facilities, construction and site support, workforce lodging, facility operations and maintenance, defense operations, and disaster and emergency management services.

Featured Stories

• Five stocks we like better than ATCO
• Dividend Tax Calculator
• Analysts Recommend These Stocks To Cushion The Automotive Slump
• Stock Average Calculator
• Hyatt Hotels Earning Analysts Love, Buy The Dip?
• 3 Warren Buffett Stocks to Buy Now
• Business is Good for Lockheed Martin; Shares are Ready to Soar.

Receive News & Ratings for ATCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATCO and related companies with MarketBeat.com's FREE daily email newsletter.