ATCO (TSE:ACO.X) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

ATCO Ltd. (TSE:ACO.X) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$46.79 and traded as high as C$48.06. ATCO shares last traded at C$47.95, with a volume of 135,583 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ACO.X shares. CIBC cut their price target on ATCO from C$59.00 to C$58.00 in a report on Friday, November 15th. Scotiabank raised their price target on ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their price target on ATCO from C$50.00 to C$51.00 in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$51.50.

ATCO Trading Down 0.0 %

The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The stock has a market capitalization of C$4.78 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 3.80 and a beta of 0.74. The firm has a 50-day moving average of C$47.04 and a 200 day moving average of C$46.79.

Insider Activity at ATCO

In other news, insider Sentgraf Enterprises Ltd. purchased 7,400 shares of the stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of C$49.00 per share, for a total transaction of C$362,600.00. Also, Director Dawn Lorraine Farrell purchased 10,550 shares of the stock in a transaction dated Friday, January 3rd. The shares were purchased at an average price of C$47.36 per share, for a total transaction of C$499,689.15. Insiders have acquired a total of 22,950 shares of company stock worth $1,108,539 in the last three months. 0.61% of the stock is owned by company insiders.

ATCO Company Profile

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.