ATCO Ltd. (TSE:ACO.X - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.00 and traded as high as C$50.77. ATCO shares last traded at C$50.66, with a volume of 80,732 shares changing hands.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on ACO.X shares. CIBC lifted their target price on ATCO from C$59.00 to C$62.00 in a research report on Friday, April 4th. TD Securities set a C$56.00 price objective on ATCO and gave the company a "hold" rating in a report on Friday, June 27th. Finally, Royal Bank Of Canada boosted their price objective on ATCO from C$51.00 to C$53.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ATCO currently has an average rating of "Hold" and a consensus price target of C$53.25.
Check Out Our Latest Stock Analysis on ACO.X
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 fifty day moving average price of C$51.08 and a 200-day moving average price of C$49.08. The firm has a market capitalization of C$5.01 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 3.80 and a beta of 0.74.
Insider Buying and Selling at ATCO
In related news, Senior Officer James Armstrong sold 781 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$51.40, for a total transaction of C$40,143.40. Following the sale, the insider owned 101 shares of the company's stock, valued at approximately C$5,191.40. This trade represents a 88.55% decrease in their position. Also, Senior Officer Rebecca M. Kalmacoff sold 1,500 shares of the firm's 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. In the last ninety days, insiders have sold 2,357 shares of company stock worth $121,090. Insiders own 0.61% of the company's stock.
About ATCO
(
Get Free Report)
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.
Featured Articles
Before you consider ATCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATCO wasn't on the list.
While ATCO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
