The nine brokerages that cover shares of ATCO Ltd. (TSE: ACO.X) have given the business an average rating of “Moderate Buy,” according to Bloomberg.com. Three equity research analysts have assigned a buy rating to the company, while three have issued a hold rating to the stock. The past year saw analysts provide reports on the stock, and those analysts currently anticipate that the stock will trade at an average price of $50.39 the following year. Several analyst reports have been released, each containing a commentary on ACO.X. CSFB revealed their decision to raise their target price for ATCO in a research note released on August 30th. The new price objective is C$49.50, up from C$48.00 previously. In a research report published on Friday, July 29th, Royal Bank of Canada increased their price objective on ATCO from C$49.00 to C$52.00, giving the stock a “sector perform” rating. In a report released on Tuesday, August 2nd, National Bankshares raised their price target on ATCO from C$46.00 to C$49.00 and assigned the company a “sector perform” rating.
In a report made public on Friday, July 29th, the Canadian Imperial Bank of Commerce (CIBC) increased its price goal for ATCO from $54.00 to $55.00. The previous price objective was $54.00. In a research report released on Tuesday, August 30th, ATCO was mentioned, and the Credit Suisse Group indicated that they now have a price goal of C$49.50 for the company. The price of one share of ACO.X stock was $47.65 Canadian at the start of trade on Monday. 1.45 is the value of the company’s quick ratio, and 1.62 is the value of its current ratio. The ratio of the company’s debt to its shareholders’ equity is 125.47. The company has a price-to-earnings ratio of 14.71, which results in a market value of 5.45 billion Canadian dollars. The 52-week low for ATCO is 40 Canadian dollars, while the 52-week high for the company is 48.46 Canadian dollars. The company’s price is currently trading at a moving average of fifty days of $46.42 and a moving average of two hundred days of $45.00. Additionally, on Friday, August 12th, an insider at Sentgraf Enterprises Ltd. purchased 5,000 shares of the company’s stock. This piece of information is relevant to the subject matter of this article. The stock was purchased for a total cost of $238,000.00, which works out to a price of $47.50 per share on average.
As a result of the acquisition, the insider now possesses 26,451,336 shares in the firm, which have a value of C$1,259,083,593.60. Business insiders spent a combined total of $950,250 over the last three months to acquire 20,000 shares of the company’s stock. ATCO Ltd. and its subsidiaries offer solutions to a wide range of business sectors in several countries, including Canada, Australia, and other nations worldwide. These sectors include housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure. The company offers various services, including residential and workforce housing, modular buildings, construction and site support, workforce lodging, facility operations and maintenance, defense operations, disaster and catastrophe management, and workforce housing.