ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.46 and traded as high as C$47.83. ATCO shares last traded at C$47.70, with a volume of 83,863 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on the stock. Scotiabank increased their price target on shares of ATCO from C$43.00 to C$45.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. BMO Capital Markets lifted their price objective on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. National Bankshares boosted their price objective on ATCO from C$40.00 to C$45.00 and gave the company a "sector perform" rating in a research report on Friday, August 23rd. CIBC lifted their price target on shares of ATCO from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada increased their price objective on shares of ATCO from C$47.00 to C$50.00 and gave the company a "sector perform" rating in a research note on Thursday, October 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$48.70.
Get Our Latest Research Report on ATCO
ATCO Trading Up 0.5 %
The company has a fifty day simple moving average of C$46.91 and a two-hundred day simple moving average of C$42.50. The stock has a market capitalization of C$4.76 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.
Insider Activity at ATCO
In other news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were acquired at an average cost of C$48.50 per share, for a total transaction of C$48,500.00. Over the last 90 days, insiders acquired 12,000 shares of company stock valued at $569,150. Corporate insiders own 0.61% of the company's stock.
About ATCO
(
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ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.
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