Market Rating: Atco (TSE:ACO.X) Stock Hold Rating Reconfirmed at Desjardins Securities; The Target Price per Share Given is $46.00

November 24, 2016 - By Vivian Park

Atco (TSE:ACO.X) Rating

They currently have a $46.00 PT on Atco (TSE:ACO.X). Desjardins Securities’s target would suggest a potential upside of 5.94% from the company’s previous stock close. This was revealed to investors in an analyst note on Thursday morning.

ATCO Ltd. (TSE:ACO.X) Ratings Coverage

Out of 5 analysts covering Atco Ltd. (TSE:ACO.X), 1 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 20% are positive. $58 is the highest target while $42 is the lowest. The $47.17 average target is 8.64% above today’s ($43.42) stock price. Atco Ltd. has been the topic of 8 analyst reports since July 31, 2015 according to StockzIntelligence Inc. TD Securities maintained ATCO Ltd. (TSE:ACO.X) rating on Thursday, October 27. TD Securities has “Buy” rating and $53 price target. The rating was maintained by National Bank Canada on Friday, July 31 with “Sector Perform”. RBC Capital Markets maintained ATCO Ltd. (TSE:ACO.X) on Monday, October 26 with “Underperform” rating.

About 27,089 shares traded hands. ATCO Ltd. (TSE:ACO.X) has risen 8.25% since April 27, 2016 and is uptrending. It has outperformed by 2.84% the S&P500.

Atco Ltd is a Canada-based company, which offers infrastructure solutions to clients around the world. The company has a market cap of $4.99 billion. The Company’s divisions include Structures & Logistics, Electricity, Pipelines & Liquids and Corporate & Other. It has a 20.88 P/E ratio. The Company’s Structures & Logistics segment consists of ATCO Structures & Logistics, ATCO Frontec and ATCO Sustainable Communities.

More notable recent ATCO Ltd. (TSE:ACO.X) news were published by: Fool.ca which released: “Is Canadian Utilities Limited or ATCO Ltd. a Better Buy Today?” on November 27, 2015, also Marketwired.com with their article: “ATCO Ltd. Appoints Linda Southern-Heathcott as Vice Chair” published on November 11, 2016, Fool.ca published: “ATCO Ltd.: 3 Reasons Why You Should Own This Dividend Champion” on February 25, 2015. More interesting news about ATCO Ltd. (TSE:ACO.X) were released by: Fool.ca and their article: “Should You Buy ATCO Ltd. Around Earnings Report Time?” published on April 26, 2016 as well as Fool.ca‘s news article titled: “Should You Buy Canadian Utilities Limited or ATCO Ltd. After the Dip?” with publication date: August 03, 2015.

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