BMO Capital Markets Increases ATCO (TSE:ACO.X) Price Target to C$48.00

ATCO (TSE:ACO.X) had its price objective increased by equities researchers at BMO Capital Markets from C$47.00 to C$48.00 in a research note issued to investors on Monday, Analyst Ratings Network reports. The brokerage currently has a “buy” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 16.96% from the company’s current price.

ACO.X has been the subject of a number of other research reports. CSFB boosted their price objective on ATCO from C$46.50 to C$47.00 in a report on Wednesday, September 1st. Royal Bank of Canada increased their price objective on ATCO from C$46.00 to C$47.00 and gave the company an “outperform” rating in a research report on Friday, July 30th. National Bank Financial boosted their target price on ATCO from C$44.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 3rd. UBS Group increased their target price on ATCO from C$41.00 to C$44.00 in a report on Friday, June 11th. Finally, Credit Suisse Group restated a “neutral” rating on shares of ATCO in a research report on Thursday, September 2nd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$47.11.

TSE:ACO.X traded up C$0.02 during trading hours on Monday, hitting C$41.04. The stock had a trading volume of 46,889 shares, compared to its average volume of 249,687. The firm has a market capitalization of C$4.69 billion and a price-to-earnings ratio of 21.94. ATCO has a one year low of C$35.68 and a one year high of C$46.19. The company has a 50 day simple moving average of C$42.66 and a two-hundred day simple moving average of C$42.87. The company has a debt-to-equity ratio of 124.09, a current ratio of 1.40 and a quick ratio of 1.14.

In related news, insider Sentgraf Enterprises Ltd. purchased 5,000 shares of ATCO stock in a transaction that occurred on Wednesday, August 18th. The shares were bought at an average price of C$43.00 per share, for a total transaction of C$215,000.00. Following the completion of the transaction, the insider now directly owns 26,280,436 shares of the company’s stock, valued at C$1,130,058,748.

About ATCO

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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Analyst Recommendations for ATCO (TSE:ACO.X)

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