ATCO LTD -CLASS I Common Stock (US funds) (ACO.X) Price Target Raised to C$47.00 at BMO Capital Markets

ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X) had its price objective raised by BMO Capital Markets from C$44.50 to C$47.00 in a research report released on Friday, April 19th, BayStreet.CA reports.

A number of other brokerages also recently issued reports on ACO.X. CIBC increased their price target on ATCO LTD -CLASS I Common Stock (US funds) from C$44.00 to C$47.00 in a research report on Wednesday, April 3rd. Royal Bank of Canada raised their target price on ATCO LTD -CLASS I Common Stock (US funds) from C$39.00 to C$41.00 and gave the company an outperform rating in a research report on Friday, March 1st. TD Securities raised their target price on ATCO LTD -CLASS I Common Stock (US funds) from C$47.00 to C$49.00 and gave the company a buy rating in a research report on Friday, March 1st. Finally, National Bank Financial raised their target price on ATCO LTD -CLASS I Common Stock (US funds) from C$44.00 to C$45.00 and gave the company a sector perform rating in a research report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$46.80.

Shares of ACO.X traded up C$0.16 during mid-day trading on Friday, reaching C$45.33. The company had a trading volume of 115,889 shares, compared to its average volume of 129,315. ATCO LTD -CLASS I Common Stock has a 52-week low of C$41.22 and a 52-week high of C$53.37. The company has a quick ratio of 0.54, a current ratio of 0.79 and a debt-to-equity ratio of 147.90. The company has a market capitalization of $4.59 billion and a price-to-earnings ratio of 24.91.

In other news, Senior Officer Sett F. Policicchio sold 600 shares of the firm’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of C$45.23, for a total transaction of C$27,138.00. Following the completion of the transaction, the insider now directly owns 23,769 shares in the company, valued at C$1,075,071.87. In the last three months, insiders have sold 2,400 shares of company stock valued at $108,960.

ATCO LTD -CLASS I Common Stock (US funds) Company Profile

ATCO Ltd., together with its subsidiaries, engages in the electricity, pipeline and liquid, and retail energy businesses in Canada, Australia, and internationally. The company operates through Canadian Utilities Limited, Structures & Logistics, Neltume Ports, and Corporate & Other segments. The Canadian Utilities Limited segment provides electricity services, such as electricity generation, transmission, distribution, and other related infrastructure solutions; and pipelines and liquid services that include integrated natural gas transmission, distribution and storage, industrial water solutions, and related infrastructure development, as well as retails natural gas and electricity.

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Analyst Recommendations for ATCO LTD -CLASS I Common Stock (US funds) (TSE:ACO.X)

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