ATCO (TSE:ACO.X) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• ATCO shares climbed above their 200-day moving average, trading as high as C$68.18 and last at C$67.91 versus the 200‑day MA of C$59.71.
• Several analysts raised price targets (RBC to C$66, BMO to C$69, TD to C$67, CIBC to C$82), but the consensus rating remains Hold with an average target of C$66.50.
• The company has a market cap of C$7.64 billion, a high valuation with a PE of 51.06 and elevated leverage (debt‑to‑equity of 131.63); last quarter EPS was C$1.37 on C$1.29 billion revenue.

ATCO Ltd. (TSE:ACO.X - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$59.71 and traded as high as C$68.18. ATCO shares last traded at C$67.91, with a volume of 117,017 shares.

Analysts Set New Price Targets

A number of analysts have issued reports on ACO.X shares. Royal Bank Of Canada raised their target price on ATCO from C$59.00 to C$66.00 in a research note on Friday, February 27th. BMO Capital Markets raised their target price on ATCO from C$63.00 to C$69.00 in a research note on Friday, February 27th. TD Securities increased their price target on ATCO from C$57.00 to C$67.00 and gave the stock a "hold" rating in a report on Tuesday, March 3rd. Finally, Canadian Imperial Bank of Commerce increased their price target on ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$66.50.

ATCO Trading Up 0.2%

The firm has a market capitalization of C$7.64 billion, a PE ratio of 51.06, a PEG ratio of 3.80 and a beta of 0.40. 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 business has a fifty day moving average price of C$66.85 and a two-hundred day moving average price of C$59.71.

ATCO (TSE:ACO.X - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported C$1.37 earnings per share for the quarter. The business had revenue of C$1.29 billion during the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. Analysts expect that ATCO Ltd. will post 4.1980634 EPS for the current fiscal year.

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.

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