ATCO Ltd. (TSE:ACO.X - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$44.95 and traded as high as C$47.80. ATCO shares last traded at C$47.09, with a volume of 121,206 shares changing hands.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on ACO.X shares. Scotiabank lifted their price target on shares of ATCO from C$45.00 to C$49.00 in a report on Friday, November 15th. Royal Bank of Canada upped their price target on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. BMO Capital Markets raised their price objective on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. Finally, CIBC reduced their price objective on ATCO from C$59.00 to C$58.00 in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, ATCO presently has an average rating of "Hold" and an average target price of C$51.10.
Check Out Our Latest Analysis on ACO.X
ATCO Price Performance
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 stock has a market cap of C$4.73 billion, a P/E ratio of 13.86, a P/E/G ratio of 3.80 and a beta of 0.74. The company's 50 day moving average price is C$48.15 and its 200-day moving average price is C$45.00.
Insiders Place Their Bets
In other news, insider Sentgraf Enterprises Ltd. acquired 7,400 shares of ATCO stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of C$49.00 per share, with a total value of C$362,600.00. Company insiders own 0.61% of the company's stock.
ATCO Company Profile
(
Get Free Report)
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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