ATCO Ltd. (TSE:ACO.X) Given Consensus Rating of “Moderate Buy” by Brokerages

ATCO Ltd. (TSE:ACO.X) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$45.86.

ACO.X has been the subject of a number of analyst reports. Royal Bank of Canada decreased their target price on shares of ATCO from C$49.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Monday, September 11th. CIBC cut their price target on shares of ATCO from C$50.00 to C$47.00 and set an “outperform” rating on the stock in a research note on Thursday, October 19th. Scotiabank cut their price target on shares of ATCO from C$48.00 to C$46.00 and set a “sector perform” rating on the stock in a research note on Monday, October 16th. National Bankshares upped their price target on shares of ATCO from C$37.00 to C$38.00 in a research note on Friday, October 27th. Finally, TD Securities cut their price target on shares of ATCO from C$50.00 to C$48.00 and set a “buy” rating on the stock in a research note on Friday, October 27th.

Insider Buying and Selling

In other ATCO news, insider Sentgraf Enterprises Ltd. bought 10,000 shares of ATCO stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average price of C$37.30 per share, with a total value of C$373,000.00. In other news, insider Sentgraf Enterprises Ltd. acquired 10,000 shares of the business’s stock in a transaction on Monday, November 13th. The stock was bought at an average price of C$37.30 per share, with a total value of C$373,000.00. Also, Director Norman M. Steinberg acquired 1,298 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was purchased at an average cost of C$38.51 per share, with a total value of C$49,985.98. Insiders acquired a total of 20,398 shares of company stock valued at $767,916 over the last 90 days. Insiders own 26.94% of the company’s stock.

ATCO Price Performance

Shares of ACO.X stock opened at C$38.25 on Tuesday. The company has a debt-to-equity ratio of 133.81, a current ratio of 1.02 and a quick ratio of 1.48. The company has a market capitalization of C$3.86 billion, a P/E ratio of 10.39, a P/E/G ratio of 3.80 and a beta of 0.71. The company’s 50-day simple moving average is C$35.92 and its two-hundred day simple moving average is C$38.35. ATCO has a one year low of C$32.90 and a one year high of C$45.59.

About ATCO

ATCO Ltd., together with its subsidiaries, engages in the provision of 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.