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

ATCO Ltd. (TSE:ACO.X) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$47.44 and traded as high as C$49.08. ATCO shares last traded at C$48.22, with a volume of 995,219 shares traded.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACO.X shares. CIBC raised their target price on ATCO from C$58.00 to C$59.00 in a report on Friday, February 28th. Scotiabank lifted their price objective on ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$51.70.

ATCO Price 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 firm has a market cap of C$4.81 billion, a P/E ratio of 14.10, a PEG ratio of 3.80 and a beta of 0.74. The company has a fifty day moving average price of C$47.33 and a two-hundred day moving average price of C$47.44.

Insider Activity

In other news, Director Dawn Lorraine Farrell bought 10,550 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were purchased at an average price of C$47.36 per share, for a total transaction of C$499,689.15. 0.61% of the stock is currently owned by company insiders.

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.