Free Trial

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

ATCO logo with Utilities background

ATCO Ltd. (TSE:ACO.X - Get Free Report) shares crossed 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 traded.

Analyst Upgrades and Downgrades

ACO.X has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. TD Securities set a C$56.00 price target on ATCO and gave the stock a "hold" rating in a research note on Friday, June 27th. Finally, CIBC boosted their price target on ATCO from C$59.00 to C$62.00 in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$53.25.

Check Out Our Latest Report on ATCO

ATCO Price Performance

The firm has a market capitalization of C$5.04 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The business has a fifty day moving average of C$51.09 and a 200-day moving average of C$49.04. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Insider Buying and Selling at ATCO

In other news, Senior Officer Rebecca M. Kalmacoff sold 1,500 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of C$51.40, for a total transaction of C$77,100.00. Also, Senior Officer James Armstrong sold 781 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$51.40, for a total value of C$40,143.40. Following the sale, the insider owned 101 shares of the company's stock, valued at C$5,191.40. This trade represents a 88.55% decrease in their position. In the last ninety days, insiders sold 2,357 shares of company stock valued at $121,090. 0.61% of the stock is owned by corporate insiders.

ATCO Company Profile

(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.

Recommended Stories

Should You Invest $1,000 in ATCO Right Now?

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

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines