ATCO Ltd. Cl I NV (ACO.X) has received a rating update from a Wall Street analyst today. Analyst Patrick Kenny from National Bank rated ATCO Ltd. Cl I NV (ACO.X) a Hold, setting a C$45 price target.
According to TipRanks.com, Kenny is a 3-star analyst with an average return of 7.8% and a 91.7% success rate. Kenny covers the Basic Materials sector, focusing on stocks such as Inter Pipeline Ltd, Pembina Pipeline, and Enbridge Inc.
ATCO Ltd. Cl I NV has an analyst consensus of Moderate Sell, with a price target consensus of C$43.33, a -3.7% downside from current levels. In a report issued on February 28, BMO Capital also reiterated a Hold rating on the stock with a C$44 price target.
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Based on ATCO Ltd. Cl I NV’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$1.11 billion and net profit of C$115 million. In comparison, last year the company earned revenue of C$1.29 billion and had a net profit of C$12 million.
ATCO Ltd. is engaged in structures and logistics, utilities, energy and technologies business. It operates through the following segments: Structures & Logistics, Electricity, Pipelines & Liquids, and Corporate & Other. The Structures & Logistics segment includes ATCO Structures & Logistics.
The company’s shares closed on Monday at C$45.01.
