ATCO (TSE:ACO.X) Shares Pass Above 200-Day Moving Average – Should You 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$45.64 and traded as high as C$47.36. ATCO shares last traded at C$46.93, with a volume of 164,015 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Scotiabank raised their price target on shares of ATCO from C$45.00 to C$49.00 in a report on Friday, November 15th. Royal Bank of Canada raised their target price on ATCO from C$50.00 to C$51.00 in a research note on Friday, November 15th. Finally, CIBC dropped their price target 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$51.10.

ATCO Stock Performance

The company has a market cap of C$4.68 billion, a PE ratio of 13.72, a PEG 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. The firm’s 50 day moving average is C$47.87 and its 200-day moving average is C$45.64.

Insider Activity

In related news, Director Dawn Lorraine Farrell acquired 10,550 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were purchased at an average cost of C$47.36 per share, for a total transaction of C$499,689.15. Also, insider Sentgraf Enterprises Ltd. acquired 7,400 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were bought at an average cost of C$49.00 per share, with a total value of C$362,600.00. In the last quarter, insiders have bought 22,950 shares of company stock valued at $1,108,539. 0.61% of the stock is currently owned by 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.