Shares of ATCO Ltd. (TSE:ACO.X – Get Rating) have received an average rating of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$50.39.
ACO.X has been the subject of several analyst reports. CSFB raised their target price on ATCO from C$48.00 to C$49.50 in a research note on Tuesday, August 30th. Royal Bank of Canada raised their target price on ATCO from C$49.00 to C$52.00 and gave the stock a "sector perform" rating in a research note on Friday, July 29th. National Bankshares raised their price target on ATCO from C$46.00 to C$49.00 and gave the company a "sector perform" rating in a report on Tuesday, August 2nd. CIBC raised their price target on ATCO from C$54.00 to C$55.00 in a report on Friday, July 29th. Finally, Credit Suisse Group raised their price target on ATCO to C$49.50 in a report on Tuesday, August 30th.
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ATCO Stock Up 0.4 %
ACO.X stock opened at C$47.65 on Monday. The company has a debt-to-equity ratio of 125.47, a quick ratio of 1.45 and a current ratio of 1.62. The company has a market capitalization of C$5.45 billion and a price-to-earnings ratio of 14.71. ATCO has a fifty-two week low of C$40.00 and a fifty-two week high of C$48.46. The stock has a fifty day moving average of C$46.42 and a 200-day moving average of C$45.00.
Insider Buying and Selling at ATCO
In related news, insider Sentgraf Enterprises Ltd. acquired 5,000 shares of the stock in a transaction on Friday, August 12th. The stock was acquired at an average price of C$47.60 per share, for a total transaction of C$238,000.00. Following the completion of the purchase, the insider now owns 26,451,336 shares of the company's stock, valued at C$1,259,083,593.60. Over the last 90 days, insiders purchased 20,000 shares of company stock worth $950,250.
ATCO Company Profile
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ATCO Ltd., together with its subsidiaries, provides 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.
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