ATCO (TSE:ACO.X) Shares Pass Above 200 Day Moving Average – Should You Sell?

ATCO Ltd. (TSE:ACO.X) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$60.19 and traded as high as C$69.20. ATCO shares last traded at C$68.54, with a volume of 156,808 shares changing hands.

Analyst Ratings Changes

ACO.X has been the topic of several analyst reports. BMO Capital Markets upped their price target on ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Canadian Imperial Bank of Commerce upped their price target on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. TD Securities upped their price target on ATCO from C$57.00 to C$67.00 and gave the company a “hold” rating in a research report on Tuesday, March 3rd. Finally, Royal Bank Of Canada upped their price target on ATCO from C$59.00 to C$66.00 in a research report on Friday, February 27th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$66.50.

ATCO Stock Performance

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 stock has a market capitalization of C$7.71 billion, a P/E ratio of 51.53, a PEG ratio of 3.80 and a beta of 0.46. The company has a 50-day moving average price of C$67.28 and a two-hundred day moving average price of C$60.19.

ATCO (TSE:ACO.X) last issued its quarterly earnings data on Thursday, February 26th. The company reported C$1.37 EPS for the quarter. ATCO had a return on equity of 8.54% and a net margin of 8.16%.The company had revenue of C$1.29 billion during the quarter. Equities analysts expect 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.