ATCO (TSE:ACO.X) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

ATCO Ltd. (TSE:ACO.X) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$49.13 and traded as high as C$50.01. ATCO shares last traded at C$49.87, with a volume of 233,091 shares trading hands.

Analyst Ratings Changes

Several research firms have weighed in on ACO.X. Royal Bank Of Canada lifted their target price on ATCO from C$51.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Thursday, May 8th. CIBC raised their price target on ATCO from C$59.00 to C$62.00 in a research report on Friday, April 4th. Finally, TD Securities set a C$56.00 price objective on ATCO and gave the company a “hold” rating in a research report on Friday, June 27th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$53.25.

ATCO Stock Performance

The stock’s 50 day moving average is C$50.99 and its two-hundred day moving average is C$49.13. The stock has a market capitalization of C$4.97 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth 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.

Insider Activity

In other news, Senior Officer Rebecca M. Kalmacoff sold 1,500 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of C$51.40, for a total value of C$77,100.00. Also, Senior Officer James Armstrong sold 781 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$51.40, for a total transaction of C$40,143.40. Following the transaction, the insider owned 101 shares of the company’s stock, valued at C$5,191.40. The trade was a 88.55% decrease in their position. Insiders have sold a total of 2,357 shares of company stock worth $121,090 over the last three months. Corporate insiders own 0.61% of the company’s stock.

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.