ATCO (TSE:ACO.X) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• ATCO crossed above its 200-day moving average (200‑day MA C$60.19), trading as high as C$69.20 and last at C$68.54 on volume of 156,808 shares.
• Several analysts raised price targets (RBC to C$66, BMO to C$69, CIBC to C$82, TD to C$67); consensus rating is Hold with an average target of C$66.50, below the current share price.
• ATCO has a market cap of C$7.71B and a high valuation (P/E 51.53, PEG 3.80) with elevated leverage (debt-to-equity 131.63); last quarter EPS was C$1.37 on C$1.29B revenue.

ATCO Ltd. (TSE:ACO.X - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$60.19 and traded as high as C$69.20. ATCO shares last traded at C$68.54, with a volume of 156,808 shares.

Analyst Upgrades and Downgrades

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

ATCO Stock Up 0.7%

The stock has a 50 day moving average of C$67.28 and a 200-day moving average of C$60.19. The firm has a market capitalization of C$7.71 billion, a P/E ratio of 51.53, a PEG ratio of 3.80 and a beta of 0.46. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

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

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.