ATCO Ltd. (TSE:ACO.X - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$47.44 and traded as high as C$49.08. ATCO shares last traded at C$48.22, with a volume of 995,219 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. CIBC upped their price target on shares of ATCO from C$58.00 to C$59.00 in a research note on Friday, February 28th. Scotiabank upped their target price on shares of ATCO from C$49.00 to C$51.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, ATCO currently has a consensus rating of "Hold" and a consensus target price of C$51.70.
View Our Latest Stock Report on ATCO
ATCO Trading Up 1.4 %
The company's 50 day simple moving average is C$47.38 and its two-hundred day simple moving average is C$47.47. 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 company has a market capitalization of C$4.95 billion, a price-to-earnings ratio of 14.51, a P/E/G ratio of 3.80 and a beta of 0.74.
Insider Buying and Selling at ATCO
In other news, Director Dawn Lorraine Farrell purchased 10,550 shares of the company's stock in a transaction that occurred on Friday, January 3rd. The shares were bought at an average price of C$47.36 per share, for a total transaction of C$499,689.15. Company insiders own 0.61% of the company's stock.
ATCO Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider ATCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATCO wasn't on the list.
While ATCO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
