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

ATCO Ltd. (TSE:ACO.X) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$51.78 and traded as high as C$55.77. ATCO shares last traded at C$55.75, with a volume of 33,110 shares traded.

Analyst Upgrades and Downgrades

ACO.X has been the topic of several recent analyst reports. Scotiabank increased their price objective on shares of ATCO from C$56.00 to C$61.00 in a report on Tuesday, December 16th. Royal Bank Of Canada increased their price target on shares of ATCO from C$53.00 to C$59.00 in a research note on Monday, November 10th. TD Securities lifted their price target on shares of ATCO from C$55.00 to C$57.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. CIBC boosted their price objective on shares of ATCO from C$67.00 to C$68.00 in a research note on Wednesday, December 17th. Finally, National Bankshares increased their target price on ATCO from C$51.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$59.80.

ATCO Price Performance

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 fifty day simple moving average of C$54.47 and a 200-day simple moving average of C$51.81. The stock has a market cap of C$6.25 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 3.80 and a beta of 0.38.

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