ATCO (TSE:ACO.X) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$48.14 and traded as high as C$51.89. ATCO shares last traded at C$51.83, with a volume of 249,848 shares trading hands.

Analyst Upgrades and Downgrades

ACO.X has been the subject of a number of research reports. Scotiabank upped their price objective on ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. CIBC upped their target price on ATCO from C$59.00 to C$62.00 in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$52.30.

ATCO Stock Down 1.1 %

The stock has a market capitalization of C$5.11 billion, a P/E ratio of 14.99, a PEG ratio of 3.80 and a beta of 0.74. The stock has a 50 day moving average price of C$49.08 and a 200-day moving average price of C$48.19. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Insider Activity at ATCO

In other ATCO news, Senior Officer James Landon sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$49.80, for a total value of C$49,800.00. Insiders sold 2,100 shares of company stock worth $103,044 in the last ninety days. 0.61% of the stock is owned by company insiders.

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.