ATCO (TSE:ACO.X) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

ATCO Ltd. (TSE:ACO.X) 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. CIBC lowered their target price on shares of ATCO from C$59.00 to C$58.00 in a report on Friday, November 15th. BMO Capital Markets increased their price objective on ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. National Bankshares raised their target price on ATCO from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a research note on Friday, August 23rd. Royal Bank of Canada upped their price target on ATCO from C$50.00 to C$51.00 in a research report on Friday, November 15th. Finally, Scotiabank raised their price objective on shares of ATCO from C$45.00 to C$49.00 in a research 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 stock. Based on data from MarketBeat, ATCO has an average rating of “Hold” and an average price target of C$51.10.

ATCO Stock Performance

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 business has a 50 day moving average price of C$48.36 and a two-hundred day moving average price of C$44.43. The company has a market cap of C$4.67 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74.

Insider Activity

In related news, insider Sentgraf Enterprises Ltd. purchased 10,000 shares of ATCO stock in a transaction that occurred on Wednesday, September 25th. The shares were bought at an average price of C$47.50 per share, for a total transaction of C$475,000.00. Over the last ninety days, insiders bought 24,400 shares of company stock valued at $1,178,000. 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.