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

Shares of ATCO Ltd. (TSE:ACO.X) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$56.47 and traded as high as C$66.45. ATCO shares last traded at C$65.93, with a volume of 266,717 shares traded.

Analyst Upgrades and Downgrades

ACO.X has been the subject of a number of research analyst reports. Scotiabank raised their target price on ATCO from C$56.00 to C$61.00 in a research note on Tuesday, December 16th. Canadian Imperial Bank of Commerce upped their price target on ATCO from C$68.00 to C$69.00 in a research note on Wednesday, January 21st. Royal Bank Of Canada increased their price objective on ATCO from C$59.00 to C$66.00 in a report on Friday, February 27th. BMO Capital Markets raised their price objective on ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Finally, National Bank Financial boosted their target price on shares of ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$64.33.

ATCO Trading Up 1.2%

The stock has a market cap of C$6.65 billion, a PE ratio of 49.57, a price-to-earnings-growth ratio of 3.80 and a beta of 0.55. The firm has a 50-day moving average price of C$62.37 and a 200-day moving average price of C$56.47. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

ATCO (TSE:ACO.X) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$1.37 EPS for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. As a group, equities analysts anticipate that ATCO Ltd. will post 4.1980634 EPS for the current fiscal year.

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.