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CDUAF - ATCO: 5% Yielding Quality Utility Has More Upside Ahead
Canadian Utilities Ltd
2024-05-16 12:56:42 ET
Summary
In our last article, we had ATCO Ltd. stock as undervalued with the potential for modest gains with low volatility.
Q1 2024 results were excellent, with adjusted earnings per share beating estimates.
We focus on the key thing that will determine how well ATCO Ltd. does over the next 3 years.
In our last coverage of ATCO Ltd. ( ACO.X:CA , ACO.Y:CA ), we identified the stock as extremely undervalued and one that, we felt, would produce solid risk-adjusted returns....