ATCO (TSE:ACO.X) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

ATCO Ltd. (TSE:ACO.X - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$45.35 and traded as high as C$46.36. ATCO shares last traded at C$45.79, with a volume of 274,100 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on ACO.X shares. Royal Bank of Canada increased their price objective on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. Scotiabank increased their price target on shares of ATCO from C$45.00 to C$49.00 in a research note on Friday, November 15th. Finally, CIBC decreased their price target on shares of ATCO from C$59.00 to C$58.00 in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of C$51.10.

ATCO Stock Down 1.1 %

The stock has a market capitalization of C$4.57 billion, a P/E ratio of 13.39, a P/E/G ratio of 3.80 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The stock's 50 day simple moving average is C$47.94 and its 200 day simple moving average is C$45.35.

Insider Activity at ATCO

In related news, insider Sentgraf Enterprises Ltd. purchased 5,000 shares of the company's stock in a transaction dated Monday, December 9th. The shares were acquired at an average cost of C$49.25 per share, for a total transaction of C$246,250.00. Also, Director Dawn Lorraine Farrell acquired 10,550 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were bought at an average price of C$47.36 per share, with a total value of C$499,689.15. In the last ninety days, insiders have bought 22,950 shares of company stock valued at $1,108,539. Corporate insiders own 0.61% of the company's stock.

ATCO Company Profile

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.