ATCO (TSE:ACO.X) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$44.30 and traded as high as C$48.23. ATCO shares last traded at C$47.40, with a volume of 237,547 shares changing hands.

Wall Street Analyst Weigh In

ACO.X has been the topic of several research analyst reports. National Bankshares boosted their price objective on ATCO from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. BMO Capital Markets increased their price objective on shares of ATCO from C$50.50 to C$52.50 in a report on Thursday, September 5th. CIBC lowered their target price on shares of ATCO from C$59.00 to C$58.00 in a report on Friday, November 15th. Royal Bank of Canada raised their target price on shares of ATCO from C$50.00 to C$51.00 in a research note on Friday, November 15th. Finally, Scotiabank lifted their price target on shares of ATCO from C$45.00 to C$49.00 in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$51.10.

ATCO Stock Down 0.1 %

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 firm has a market capitalization of C$4.67 billion, a PE ratio of 13.69, a PEG ratio of 3.80 and a beta of 0.74. The company has a fifty day moving average price of C$48.36 and a 200-day moving average price of C$44.43.

Insider Buying and Selling

In related news, insider Sentgraf Enterprises Ltd. acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were acquired at an average cost of C$47.50 per share, for a total transaction of C$475,000.00. Over the last 90 days, insiders have acquired 24,400 shares of company stock worth $1,178,000. Insiders own 0.61% of the company’s stock.

About ATCO

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.