Atlas (NYSE:ATCO) PT Raised to $16.00 at Jefferies Financial Group

Atlas (NYSE:ATCO) had its price objective hoisted by stock analysts at Jefferies Financial Group from $13.50 to $16.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 15.69% from the stock’s previous close.

ATCO has been the topic of several other research reports. TheStreet lowered shares of Atlas from a “b-” rating to a “c” rating in a report on Thursday, April 8th. B. Riley upped their target price on shares of Atlas from $16.50 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, March 10th. Citigroup upped their target price on shares of Atlas from $11.00 to $15.00 in a report on Wednesday, March 10th. Finally, Zacks Investment Research raised shares of Atlas from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, March 2nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.75.

ATCO stock traded down $0.49 during midday trading on Tuesday, hitting $13.83. The stock had a trading volume of 15,691 shares, compared to its average volume of 739,529. The firm has a market cap of $3.41 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.66 and a beta of 1.10. The company has a current ratio of 0.64, a quick ratio of 0.55 and a debt-to-equity ratio of 1.06. Atlas has a 1-year low of $6.00 and a 1-year high of $14.83. The business has a fifty day moving average price of $14.11 and a two-hundred day moving average price of $12.26.

Atlas (NYSE:ATCO) last announced its quarterly earnings data on Sunday, May 2nd. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03). Atlas had a net margin of 21.49% and a return on equity of 9.14%. The company had revenue of $372.60 million for the quarter, compared to analyst estimates of $381.22 million. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities analysts anticipate that Atlas will post 1.08 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Credit Agricole S A bought a new position in Atlas in the 4th quarter worth approximately $60,000. Public Employees Retirement Association of Colorado bought a new position in Atlas in the 4th quarter worth approximately $68,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Atlas in the 4th quarter worth approximately $88,000. EP Wealth Advisors LLC bought a new position in Atlas in the 4th quarter worth approximately $118,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Atlas in the 4th quarter worth approximately $147,000. 52.06% of the stock is owned by institutional investors.

Atlas Company Profile

Atlas Corp., through its subsidiaries, operates as an independent charter owner and manager of containerships. The company operates in two segments, Containership Leasing and Mobile Power Generation. It charters its containerships under long-term and fixed-rate time charters. As of March 1, 2021, the company operated a fleet of 127 containerships; a fleet of 30 gas turbines and 439 diesel generators.

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Analyst Recommendations for Atlas (NYSE:ATCO)

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