ATCO (TSE:ACO.X) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• ATCO shares crossed above its 200-day moving average, trading as high as C$71.95 and last at C$70.29 on volume of 176,725 versus a 200‑day MA of C$58.48, signaling a technical breakout.
• Several banks raised price targets (CIBC, BMO, RBC, Scotiabank, National Bank), but the MarketBeat consensus remains "Hold" with a consensus target price of C$64.33.
• Key fundamentals: market cap C$7.91 billion, trailing P/E 52.85, last-quarter EPS C$1.37, while leverage is high (debt-to-equity 131.63) and liquidity is modest (current ratio 1.42, quick ratio 1.48).

Shares of ATCO Ltd. (TSE:ACO.X - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$58.48 and traded as high as C$71.95. ATCO shares last traded at C$70.29, with a volume of 176,725 shares traded.

Analyst Ratings Changes

A number of research firms have commented on ACO.X. Canadian Imperial Bank of Commerce lifted their target price on ATCO from C$68.00 to C$69.00 in a research report on Wednesday, January 21st. National Bank Financial raised their price objective on ATCO from C$51.00 to C$54.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 17th. Scotiabank boosted their price objective on shares of ATCO from C$56.00 to C$61.00 in a report on Tuesday, December 16th. BMO Capital Markets upped their target price on shares of ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Finally, Royal Bank Of Canada increased their target price on shares of ATCO from C$59.00 to C$66.00 in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of C$64.33.

ATCO Stock Down 2.6%

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 stock has a market cap of C$7.91 billion, a price-to-earnings ratio of 52.85, a PEG ratio of 3.80 and a beta of 0.40. The business's fifty day moving average is C$65.34 and its two-hundred day moving average is C$58.48.

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