ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$49.13 and traded as high as C$50.01. ATCO shares last traded at C$49.87, with a volume of 233,091 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on ACO.X. Royal Bank Of Canada boosted their price objective on shares of ATCO from C$51.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. CIBC upped their price target on ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Finally, TD Securities set a C$56.00 target price on shares of ATCO and gave the stock a "hold" rating in a research report on Friday, June 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of C$53.25.
Read Our Latest Stock Analysis on ACO.X
ATCO Price Performance
The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The business's 50 day moving average price is C$50.99 and its 200-day moving average price is C$49.16. The company has a market cap of C$5.02 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74.
Insiders Place Their Bets
In other ATCO news, Senior Officer Rebecca M. Kalmacoff sold 1,500 shares of ATCO stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$51.40, for a total value of C$77,100.00. Also, insider Sentgraf Enterprises Ltd. bought 7,407 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average price of C$50.55 per share, for a total transaction of C$374,423.85. Over the last quarter, insiders have sold 2,357 shares of company stock worth $121,090. Insiders own 0.61% of the company's stock.
About ATCO
(
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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.
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