ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$37.11 and traded as high as C$37.11. ATCO shares last traded at C$37.05, with a volume of 226,412 shares trading hands.
Analyst Ratings Changes
A number of brokerages have commented on ACO.X. BMO Capital Markets raised their price objective on ATCO from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. CIBC raised their price objective on ATCO from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 24th. Royal Bank of Canada raised their price objective on ATCO from C$45.00 to C$46.00 and gave the stock a "sector perform" rating in a research report on Friday, March 1st. Finally, Scotiabank lowered ATCO from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$46.00 to C$43.00 in a research report on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$45.50.
Get Our Latest Stock Report on ACO.X
ATCO Price Performance
The stock has a 50 day moving average of C$37.44 and a two-hundred day moving average of C$37.11. The company has a debt-to-equity ratio of 131.44, a quick ratio of 1.48 and a current ratio of 1.14. The firm has a market capitalization of C$3.70 billion, a P/E ratio of 9.72, a P/E/G ratio of 3.80 and a beta of 0.68.
About ATCO
(
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ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.
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