Atlas - ATCO Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atlas in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ATCO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ATCO, but not buy additional shares or sell existing shares.
View ATCO analyst ratings or view top-rated stocks.

4 Wall Street research analysts have issued 1-year price objectives for Atlas' stock. Their ATCO share price forecasts range from $10.50 to $15.50. On average, they predict the company's stock price to reach $13.83 in the next year. This suggests that the stock has a possible downside of 10.6%.
View analysts price targets for ATCO or view top-rated stocks among Wall Street analysts.

Atlas' stock was trading at $15.34 at the start of the year. Since then, ATCO stock has increased by 0.9% and is now trading at $15.48.
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Atlas saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 14,900,000 shares, an increase of 12.5% from the February 28th total of 13,250,000 shares. Based on an average trading volume of 2,600,000 shares, the days-to-cover ratio is currently 5.7 days. Approximately 18.9% of the shares of the company are short sold.
View Atlas' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 10th 2023.
View our ATCO earnings forecast.

Atlas Corp. (NYSE:ATCO) announced its quarterly earnings results on Wednesday, February, 15th. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.09. The business had revenue of $436.40 million for the quarter, compared to analysts' expectations of $443.93 million. Atlas had a net margin of 36.66% and a trailing twelve-month return on equity of 12.16%.

Atlas declared a quarterly dividend on Monday, March 13th. Shareholders of record on Monday, March 20th will be paid a dividend of $0.125 per share on Friday, March 31st. This represents a $0.50 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend is Friday, March 17th.
Read our dividend analysis for ATCO.

ETFs with the largest weight of Atlas (NYSE:ATCO) stock in their portfolio include SonicShares Global Shipping ETF (BOAT), AltShares Merger Arbitrage ETF (ARB), First Trust Merger Arbitrage ETF (MARB), Trajan Wealth Income Opportunities ETF (TWIO), SPDR S&P Global Infrastructure ETF (GII), iShares Global Infrastructure ETF (IGF), US Value ETF (USVT).Pacer Industrials and Logistics ETF (SHPP).

Atlas (NYSE:ATCO) pays an annual dividend of $0.50 per share and currently has a dividend yield of 3.23%. The dividend payout ratio is 25.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATCO will have a dividend payout ratio of 28.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATCO.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atlas investors own include Brookfield Infrastructure Partners (BIP), Bank of America (BAC), Alibaba Group (BABA), Boeing (BA), Broadcom (AVGO), Activision Blizzard (ATVI), Ares Capital (ARCC), Apollo Investment (AINV), AGNC Investment (AGNC) and Abbott Laboratories (ABT).

Atlas trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATCO."

Atlas' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Morgan Stanley (0.84%), Bank of Montreal Can (0.63%), Water Island Capital LLC (0.63%), AQR Arbitrage LLC (0.51%), Credit Suisse AG (0.46%) and Alpine Associates Management Inc. (0.37%).

Shares of ATCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATCO stock can currently be purchased for approximately $15.48.

Atlas (NYSE:ATCO) has a market capitalization of $4.36 billion and generates $1.70 billion in revenue each year. The company earns $622.30 million in net income (profit) each year or $1.96 on an earnings per share basis.

The company employs 6,200 workers across the globe.

Atlas' mailing address is 23 Berkeley Square, London X0, W1J 6HE. The official website for the company is www.atlascorporation.com. The company can be reached via phone at 442077887819, via email at ir@atlascorporation.com, or via fax at 44-84-3320-5270.