ATCO (TSE:ACO.X) Sets New 1-Year High – Time to Buy?

ATCO Ltd. (TSE:ACO.X)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$49.84 and last traded at C$49.81, with a volume of 23339 shares trading hands. The stock had previously closed at C$49.23.

Analyst Upgrades and Downgrades

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

ATCO Trading Up 1.9 %

The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The firm’s 50 day moving average is C$47.88 and its two-hundred day moving average is C$43.68. The stock has a market cap of C$5.00 billion, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74.

Insider Buying and Selling at ATCO

In other news, insider Sentgraf Enterprises Ltd. bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was acquired at an average price of C$45.65 per share, with a total value of C$45,650.00. Insiders have acquired 12,000 shares of company stock valued at $569,150 in the last quarter. Corporate 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.