ATCO (TSE:ACO.X) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

ATCO Ltd. (TSE:ACO.X - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.00 and traded as high as C$48.85. ATCO shares last traded at C$48.75, with a volume of 103,634 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ACO.X. Scotiabank boosted their price target on ATCO from C$43.00 to C$45.00 and gave the company a "sector perform" rating in a report on Tuesday, August 20th. CIBC upped 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 report on Tuesday, August 6th. Royal Bank of Canada upped their price target on shares of ATCO from C$47.00 to C$50.00 and gave the stock a "sector perform" rating in a research report on Thursday, October 3rd. National Bankshares upped their price objective on shares of 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. Finally, BMO Capital Markets upped their price objective on shares of ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$48.58.

ATCO Stock Down 0.5 %

The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The company has a market capitalization of C$4.84 billion, a price-to-earnings ratio of 14.18, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The firm's 50-day simple moving average is C$46.02 and its 200-day simple moving average is C$41.65.

Insider Activity

In related news, Senior Officer James Landon sold 1,300 shares of ATCO stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of C$43.56, for a total transaction of C$56,628.00. In related news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the company's stock in a transaction on Monday, September 23rd. The stock was bought at an average cost of C$45.65 per share, with a total value of C$45,650.00. Also, Senior Officer James Landon sold 1,300 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of C$43.56, for a total transaction of C$56,628.00. In the last three months, insiders have acquired 12,000 shares of company stock worth $569,150. Corporate insiders own 0.61% of the company's stock.

About ATCO

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.