ATCO (TSE:ACO.X) Shares Cross Above 200-Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$44.30 and traded as high as C$48.23. ATCO shares last traded at C$47.40, with a volume of 237,547 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently commented on ACO.X. National Bankshares boosted their target price on shares of ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research report on Friday, August 23rd. Royal Bank of Canada boosted their price objective on shares of ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. BMO Capital Markets raised their target price on ATCO from C$50.50 to C$52.50 in a research note on Thursday, September 5th. Scotiabank boosted their price target on ATCO from C$45.00 to C$49.00 in a research note on Friday, November 15th. Finally, CIBC lowered their price objective on ATCO from C$59.00 to C$58.00 in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$51.10.

ATCO Stock Down 1.8 %

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 cap of C$4.73 billion, a price-to-earnings ratio of 13.86, 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$48.41 and its 200 day simple moving average is C$44.30.

Insider Buying and Selling at ATCO

In other ATCO news, insider Sentgraf Enterprises Ltd. purchased 5,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was bought at an average cost of C$49.25 per share, with a total value of C$246,250.00. In the last 90 days, insiders have purchased 24,400 shares of company stock valued at $1,178,000. Company insiders own 0.61% of the company’s stock.

ATCO Company Profile

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.