$ACO.X

3 stories mentioning ACO.XUpdated 36d ago

Every FINWIRES story that references ACO.X, newest first.

Research Alert: CFRA Maintains Hold Rating On Shares Of Atco Ltd.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our target of CAD76. This remains derived from a 14.5x earnings multiple applied to our FY 27 estimate. Our FY 26 adjusted EPS was revised down to CAD4.54 (-0.27) and our FY 27 estimate is maintained at CAD5.24. While the quarter lacked any fundamental takeaways and low single digit growth in adjusted EPS (3%), Structures won over $300M in new contract wins spanning diverse end markets from data centers to mining operations. The Yellowhead Pipeline Project, with an anticipated $2.9B price tag, progressed through the regulatory approval process with an AUC hearing scheduled for May 2026 and facility application decision expected in the third quarter. Valuations remain fair, trading near the long term average versus peers and historical averages.

$ACO.X

Research41d ago

Research Alert: Atco Q1: Structures Secures Cad300m+ In Contracts As Q1 Earnings Advance 3%

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ATCO reported Q1 adjusted earnings of CAD165M (CAD1.47/share), up CAD5M from the prior year, with reconciliation items including CAD7M in unrealized commodity gains and CAD19M from rate-regulated timing adjustments. ATCO Structures secured contract wins exceeding CAD300M, spanning mining projects in Western Canada and Australia, workforce housing, and data centers. The company deployed CAD353M in capex with 94% to regulated utilities, completing CETO transmission construction for June 2026 energization. The CAD2.9B Yellowhead Pipeline Project advances through regulatory approval with AUC hearing scheduled for May 2026. The Board maintained the quarterly dividend at 51.96 cents per share (CAD2.08 annualized). We believe ATCO's diversified project portfolio and strategic investments position the company well for growth, supported by a robust funding strategy featuring CAD0.8B in planned capital securities issuances over 2026-2030.

$ACO.X

Research60d ago

Research Alert: CFRA Initiates Coverage On Shares Of Atco Ltd. With A Hold View

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We initiate on shares of ACO with a 3-STARS (Hold) rating, which reflects our cautious stance on the Canadian Utilities (CU; ~70% of ACO's earnings) valuation, as well as our favor toward ACO's diversifying, faster growing, non-regulated businesses. While ACO has seen its multiple increase ~20% over the past 12 months (in line with CU), its absolute multiple trades ~4.5x lower than CU's, which we find favorable (13.9x vs. 18.3x). We believe ACO will benefit from CU's rate base growth in Alberta, with its exposure to energy infrastructure growth and data center promise. We expect the base revenue growth from CU to be 3%-5% plus 1%-3% from the Structures and Investment segments. Our 12-month price target of CAD76 is derived from a 14.5x earnings multiple applied to our FY 27 estimate. Our FY 26 adjusted EPS view is CAD4.81 and our FY 27 estimate is CAD5.24.

$ACO.X

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