ATCO (TSE:ACO.X - Free Report) had its target price decreased by CIBC from C$59.00 to C$58.00 in a research note released on Friday morning,BayStreet.CA reports.
Other research analysts also recently issued research reports about the stock. Scotiabank lifted their price objective on shares of ATCO from C$45.00 to C$49.00 in a research report on Friday. National Bankshares lifted their price target on ATCO from C$40.00 to C$45.00 and gave the stock a "sector perform" rating in a report on Friday, August 23rd. BMO Capital Markets boosted their price target on ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Finally, Royal Bank of Canada raised their price objective on ATCO from C$50.00 to C$51.00 in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of C$51.10.
View Our Latest Stock Analysis on ACO.X
ATCO Stock Up 0.4 %
Shares of TSE ACO.X traded up C$0.21 during trading hours on Friday, hitting C$48.55. The company had a trading volume of 150,600 shares, compared to its average volume of 195,217. ATCO has a 1-year low of C$35.56 and a 1-year high of C$49.32. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The firm's 50 day moving average is C$47.21 and its 200-day moving average is C$42.87. The stock has a market capitalization of C$4.84 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74.
Insider Activity at ATCO
In other news, insider Sentgraf Enterprises Ltd. bought 10,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was acquired at an average price of C$47.50 per share, with a total value of C$475,000.00. In the last three months, insiders have purchased 12,000 shares of company stock valued at $569,150. 0.61% of the stock is owned by insiders.
About ATCO
(
Get Free Report)
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.
Recommended Stories
Before you consider ATCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATCO wasn't on the list.
While ATCO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
