ATCO (TSE:ACO.X) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• ATCO shares crossed above their 200-day moving average, reaching C$74.45 before closing at C$73.31, compared with the 200-day average of C$70.87.
• Analysts raised several price targets, with a consensus target of C$78.29; however, ratings remain cautious, with five Holds and one Buy, resulting in an overall “Hold” consensus.
• ATCO reported quarterly EPS of C$1.01, alongside an 8.54% return on equity and 8.16% net margin. The stock trades at a relatively high price-to-earnings ratio of 45.82 and carries a debt-to-equity ratio of 131.63.

ATCO Ltd. (TSE:ACO.X - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$70.87 and traded as high as C$74.45. ATCO shares last traded at C$73.31, with a volume of 230,276 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on ACO.X. BMO Capital Markets boosted their price target on shares of ATCO from C$72.00 to C$85.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Scotia raised their price objective on shares of ATCO from C$67.00 to C$70.00 and gave the stock a "sector perform" rating in a report on Thursday, May 7th. Scotiabank lifted their target price on shares of ATCO from C$70.00 to C$79.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 21st. Canadian Imperial Bank of Commerce boosted their target price on ATCO from C$85.00 to C$88.00 in a report on Thursday, July 30th. Finally, Royal Bank Of Canada boosted their target price on ATCO from C$71.00 to C$80.00 and gave the stock a "sector perform" rating in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$78.29.

ATCO Stock Down 1.5%

The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock has a market cap of C$8.25 billion, a price-to-earnings ratio of 45.82, a PEG ratio of 3.80 and a beta of 0.37. The firm's 50-day simple moving average is C$76.12 and its two-hundred day simple moving average is C$70.87.

ATCO (TSE:ACO.X - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C$1.01 EPS for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. On average, sell-side analysts expect that ATCO Ltd. will post 4.1980634 EPS 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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