ATCO (TSE:ACO.X) Shares Cross Above 200 Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$60.98 and traded as high as C$69.82. ATCO shares last traded at C$69.14, with a volume of 144,070 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ACO.X. TD Securities lifted their price objective on shares of ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a report on Tuesday, March 3rd. Royal Bank Of Canada upped their target price on shares of ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce raised their price target on shares of ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. Scotia lifted their price target on ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Finally, National Bank Financial boosted their price objective on ATCO from C$57.00 to C$62.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ATCO has a consensus rating of “Hold” and an average price target of C$68.86.

ATCO Stock Performance

The firm has a market cap of C$6.98 billion, a PE ratio of 49.74, a PEG ratio of 3.80 and a beta of 0.46. 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 company has a 50-day simple moving average of C$67.89 and a two-hundred day simple moving average of C$60.98.

ATCO (TSE:ACO.X) last announced its earnings results on Wednesday, May 6th. The company reported C$1.47 earnings per share (EPS) for the quarter. The firm had revenue of C$1.43 billion during the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%. As a group, equities research analysts forecast that ATCO Ltd. will post 4.1980634 earnings per share for the current year.

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.