CIBC Trims ATCO (TSE:ACO.X) Target Price to C$48.00

ATCO (TSE:ACO.X) had its price objective decreased by CIBC from C$49.00 to C$48.00 in a research note released on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets lifted their target price on ATCO from C$48.00 to C$49.00 and gave the company an outperform rating in a research report on Friday, March 1st. Royal Bank of Canada lifted their target price on ATCO from C$45.00 to C$46.00 and gave the company a sector perform rating in a research report on Friday, March 1st. Finally, Scotiabank lowered ATCO from an outperform rating to a sector perform rating and dropped their target price for the company from C$46.00 to C$43.00 in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, ATCO presently has a consensus rating of Moderate Buy and an average price target of C$45.33.

ATCO Price Performance

ATCO stock opened at C$36.57 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.14 and a debt-to-equity ratio of 131.44. ATCO has a 12-month low of C$32.90 and a 12-month high of C$45.59. The stock has a market cap of C$3.65 billion, a price-to-earnings ratio of 9.57, a P/E/G ratio of 3.80 and a beta of 0.68. The business’s 50-day simple moving average is C$37.33 and its 200 day simple moving average is C$37.22.

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.