ATCO (TSE:ACO.X) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

ATCO Ltd. (TSE:ACO.X) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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

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

ATCO Stock Performance

The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The stock has a market cap of C$4.73 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 3.80 and a beta of 0.74. The stock’s 50 day moving average is C$48.41 and its two-hundred day moving average is C$44.30.

Insider Activity

In related news, insider Sentgraf Enterprises Ltd. purchased 1,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was acquired at an average price of C$45.65 per share, for a total transaction of C$45,650.00. Insiders have bought a total of 24,400 shares of company stock valued at $1,178,000 over the last quarter. Corporate 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.