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Atco Ltd (ACO.X-T)
TSE:ACO.X
47.85
0.16
(0.34%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Atco Ltd (ACO.X-T) is a relatively unknown utility business in the Far North that pays a 5% dividend, but doesn't see much growth compared to its peers. It is under pressure due to its heavy reliance on utilities, particularly Canadian Utilities, and is interest sensitive. Insider buying and a 5.42% yield make it an attractive investment. However, there are concerns about the wider market and potential negative signals. It has triggered its stop at $40, resulting in a net investment loss of 6%. Despite trading close to its book value, it is also close to its all-time low in valuation.
$48.300
Owned
It is a relatively low growth company, but shares are up 24% YTD. Sector sentiment has shifted, with lower rates providing a fundamental and sentiment boost and AI-demand adding some excitement to a boring sector. We would not expect the same rate of gains, but would be comfortable holding this for income right now.
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Good-looking chart. Breakouts are his favourite thing in the world (next to chocolate). Downtrend ended, pulled back, but then broke out. That's now classified as a probable neckline, because stock's pulled back to it. Lots of room, as long as the neckline holds (that neckline becomes your new stop point). If it breaks the neckline, get out.
Small trendline moving up, with higher highs and higher lows. Next target is ~$43, the old support. If that breaks, then maybe $45, and then maybe $47. Lots and lots of room on this stock.
A nice dividend player, though little known for its utility business in the Far North. Over the past year, they've returned only 0.5% compounded annualized. It pays a 5% dividend, but it doesn't grow much compared to peers. Does not return enough capital for him. Are better utilities.
Under pressure, as it's comprised mainly of utilities. Owns 53% of Canadian Utilities, representing 80% of earnings. Interest sensitive. Also involved in real estate and infrastructure rentals. Housing, logistics, emergency shelter. Insider buying. Yield is 5.42%.
(Analysts’ price target is $47.86)He targets this where the stock price is now. But he sees a negative signal in the wider market, so this could fall $5 to $30. How far can interest rates rise (he expects them to) in the next 6-12 months?
Our PAST TOP PICK with ACO.X has triggered its stop at $40. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, when combined with the previous buy recommendation.
It is trading close to its Book Value but pretty close to its all time low in valuation.
(A Top Pick May 20/22, Down 7%)
Has 20 years of dividend increases. But rising interest rates are competition for dividend-paying utilities. That said, long term this is a good company.
We again reiterate this Canadian infrastructure utility, who just acquired a sizeable portfolio of wind and solar assets in Alberta and Ontario as a TOP PICK. They inked a 15 year renewable energy deal with Microsoft. It trades at 1.2x book and at 12x earnings. We like that cash reserves are growing while paying down debt and buying shares. It has a good dividend, backed by a payout ratio under 55% of cash flow. We recommend maintaining the trailing the stop at $40, looking to achieve $50 -- upside over 16%. Yield 4.2%
(Analysts’ price target is $49.81)
Atco Ltd(ACO.X-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 3
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 4
Atco Ltd(ACO.X-T) Frequently Asked Questions
What is Atco Ltd stock symbol?
Atco Ltd is a Canadian stock, trading under the symbol ACO.X-T on the Toronto Stock Exchange (ACO.X-CT). It is usually referred to as TSX:ACO.X or ACO.X-T
Is Atco Ltd a buy or a sell?
In the last year, 4 stock analysts published opinions about ACO.X-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Atco Ltd.
Is Atco Ltd a good investment or a top pick?
Atco Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Atco Ltd.
Why is Atco Ltd stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Atco Ltd worth watching?
4 stock analysts on Stockchase covered Atco Ltd In the last year. It is a trending stock that is worth watching.
What is Atco Ltd stock price?
On 2024-10-08, Atco Ltd (ACO.X-T) stock closed at a price of $47.85.
Excellent company with strong assets, and demand for product. Will continue to own shares. Expecting further strength in the share price. Very good management team. Recent modular constriction purchase will be good for profits.