ATCO Ltd. (TSE:ACO.X - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$47.87 and traded as high as C$48.69. ATCO shares last traded at C$48.57, with a volume of 133,467 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the stock. CIBC increased their target price on shares of ATCO from C$59.00 to C$62.00 in a research note on Friday, April 4th. Scotiabank upped their price objective on ATCO from C$49.00 to C$51.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of C$52.30.
Get Our Latest Analysis on ATCO
ATCO Stock Up 1.2 %
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 capitalization of C$5.01 billion, a PE ratio of 14.70, a PEG ratio of 3.80 and a beta of 0.74. The firm's fifty day moving average is C$48.41 and its 200-day moving average is C$47.96.
Insider Activity at ATCO
In related news, Senior Officer James Landon sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$49.80, for a total transaction of C$49,800.00. Insiders have sold a total of 2,100 shares of company stock worth $103,044 over the last three months. 0.61% of the stock is currently owned by corporate insiders.
ATCO Company Profile
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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.
Further Reading
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