ATCO Ltd. (TSE:ACO.X) Senior Officer Sells C$19,144.00 in Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer P. Derek Cook sold 400 shares of ATCO stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$47.86, for a total transaction of C$19,144.00.

ATCO Stock Down 0.2 %

Shares of ACO.X stock traded down C$0.09 during trading hours on Tuesday, reaching C$47.92. The company had a trading volume of 393,692 shares, compared to its average volume of 225,855. The stock’s fifty day simple moving average is C$47.12 and its 200 day simple moving average is C$47.05. The company has a market capitalization of C$4.78 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. ATCO Ltd. has a twelve month low of C$35.56 and a twelve month high of C$50.67.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ACO.X. Royal Bank of Canada upped their price objective on ATCO from C$50.00 to C$51.00 in a research report on Friday, November 15th. CIBC raised their target price on shares of ATCO from C$58.00 to C$59.00 in a research report on Friday. Finally, Scotiabank upped their price target on ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a research note 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$51.70.

About ATCO

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.