Shares of ATCO Ltd. (TSE:ACO.X – Get Rating) have earned an average rating of "Moderate Buy" from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$50.39.
A number of research firms have recently weighed in on ACO.X. National Bankshares increased their target price on shares of ATCO from C$46.00 to C$49.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 2nd. Royal Bank of Canada increased their target price on shares of ATCO from C$49.00 to C$52.00 and gave the company a "sector perform" rating in a research report on Friday, July 29th. Credit Suisse Group increased their target price on shares of ATCO to C$49.50 in a research report on Tuesday, August 30th. CIBC raised their price objective on shares of ATCO from C$54.00 to C$55.00 in a report on Friday, July 29th. Finally, CSFB raised their price objective on shares of ATCO from C$48.00 to C$49.50 in a report on Tuesday, August 30th.
Get ATCO alerts:ATCO Stock Up 1.2 %
ATCO stock opened at C$47.04 on Monday. ATCO has a twelve month low of C$40.00 and a twelve month high of C$48.46. The firm has a 50 day moving average price of C$46.74 and a 200-day moving average price of C$45.19. The company has a market capitalization of C$5.38 billion and a P/E ratio of 14.52. The company has a quick ratio of 1.45, a current ratio of 1.62 and a debt-to-equity ratio of 125.47.
Insiders Place Their Bets
In other news, insider Sentgraf Enterprises Ltd. bought 7,500 shares of the stock in a transaction on Friday, September 9th. The shares were acquired at an average cost of C$47.80 per share, for a total transaction of C$358,500.00. Following the purchase, the insider now directly owns 26,526,636 shares of the company's stock, valued at approximately C$1,267,973,200.80. Insiders have bought 27,500 shares of company stock worth $1,308,750 in the last three months.About ATCO
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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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