ATCO (TSE:ACO.X) Shares Pass Above 200 Day Moving Average of $37.33

ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$37.33 and traded as high as C$38.04. ATCO shares last traded at C$37.67, with a volume of 171,492 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ACO.X shares. Scotiabank reduced their price target on ATCO from C$43.00 to C$41.00 and set an "outperform" rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada increased their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a research report on Friday, March 1st. BMO Capital Markets raised their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Finally, CIBC lowered their target price on shares of ATCO from C$49.00 to C$48.00 and set an "outperform" rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$45.00.

ATCO Stock Down 0.3 %

The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48. The firm's 50 day moving average price is C$37.40 and its two-hundred day moving average price is C$37.35. The firm has a market cap of C$3.75 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 3.80 and a beta of 0.68.

ATCO Company Profile

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.