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Atco Ltd (ACO.X-T)
TSE:ACO.X
37.35
0.38
(1.01%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$35.170
Owned
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)Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Has $9B in net debt against $1.4B in cash flow. Payout ratio is very good at only 14%. Profit margins are also positive.The company generates positive free cash flow, with a nice dividend of 4.3%. A solid income stock. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company pays a solid and secure dividend. The valuation is low and it is stable. 5i would be comfortable owning this today. Unlock Premium - Try 5i Free
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 2023-11-27, Atco Ltd (ACO.X-T) stock closed at a price of $37.35.
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)