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

ATCO Ltd. (TSE:ACO.X)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as C$50.72 and last traded at C$50.67, with a volume of 28927 shares trading hands. The stock had previously closed at C$50.41.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ACO.X. Scotiabank increased 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. CIBC lifted their price target on shares of ATCO from C$59.00 to C$62.00 in a research report on Friday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$52.30.

ATCO Stock Down 2.3 %

The company has a market capitalization of C$5.01 billion, a PE ratio of 14.68, a PEG ratio of 3.80 and a beta of 0.74. 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 business has a fifty day moving average of C$47.90 and a 200 day moving average of C$47.73.

Insider Transactions at ATCO

In other news, Senior Officer James Landon sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total transaction of C$49,800.00. Over the last quarter, insiders have sold 2,100 shares of company stock valued at $103,044. 0.61% of the stock is currently owned by corporate insiders.

About ATCO

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.