A Wall Street analyst has provided a rating update for the Utilities sector company on July 24, while remaining neutral on the stock. ATCO Ltd Cl I NV (TSX: ACO.X), the Utilities sector company has received a rating update from a Wall Street analyst on July 24.
According to TipRanks.com, Choy is a 4-star analyst with an average return of 12.7% and a 66.7% success rate. Choy covers the Utilities sector, focusing on stocks such as TransAlta, Fortis, and Emera.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ATCO Ltd Cl I NV with a C$51.33 average price target.
Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include electricity (generation, transmission, and distribution), pipelines and liquid, Neltume Ports and Structures and logistics. Headquartered in Calgary, Alberta, the firm mainly operates in Canada and Australia, along with some operations in the United States, the United Kingdom, and Mexico. Atco’s large subsidiary, Canadian Utilities, launched a major venture called Atcoenergy, which provides low-cost and sustainable energy solutions for the Canadian province of Alberta.
The company’s shares closed last Wednesday at C$38.76, close to its 52-week low of C$37.74.
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