ATCO Ltd. (TSE:ACO.X - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$48.04 and traded as high as C$50.48. ATCO shares last traded at C$50.14, with a volume of 74,696 shares trading hands.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. CIBC upped their price target on ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Scotiabank lifted their target price on ATCO from C$49.00 to C$51.00 and gave the stock a "sector perform" rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, ATCO currently has a consensus rating of "Hold" and a consensus price target of C$52.30.
Read Our Latest Stock Analysis on ACO.X
ATCO Stock Up 0.5 %
The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The firm has a market capitalization of C$5.03 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The business's 50-day moving average price is C$48.76 and its 200-day moving average price is C$48.08.
Insiders Place Their Bets
In other news, Senior Officer James Landon sold 1,000 shares of ATCO stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total transaction of C$49,800.00. Insiders sold a total of 2,100 shares of company stock worth $103,044 in the last quarter. 0.61% of the stock is currently owned by corporate insiders.
ATCO Company Profile
(
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Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.
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