ATCO (TSE:ACO.X) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

ATCO Ltd. (TSE:ACO.X)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$64.07 and traded as high as C$72.41. ATCO shares last traded at C$72.17, with a volume of 656,562 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ACO.X shares. TD Securities increased their price target on ATCO from C$57.00 to C$67.00 and gave the stock a “hold” rating in a research report on Tuesday, March 3rd. Canadian Imperial Bank of Commerce boosted their price objective on ATCO from C$72.00 to C$82.00 in a report on Monday, April 20th. Royal Bank Of Canada upped their target price on ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. BMO Capital Markets raised their target price on ATCO from C$63.00 to C$69.00 in a report on Friday, February 27th. Finally, Scotia lifted their price target on ATCO from C$67.00 to C$70.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, ATCO currently has a consensus rating of “Hold” and an average target price of C$69.86.

ATCO Price Performance

The stock’s fifty day moving average is C$69.59 and its 200-day moving average is C$64.07. The stock has a market capitalization of C$7.29 billion, a PE ratio of 51.92, a P/E/G ratio of 3.80 and a beta of 0.36. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

ATCO (TSE:ACO.X) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$1.47 EPS for the quarter. ATCO had a net margin of 8.16% and a return on equity of 8.54%. The company had revenue of C$1.43 billion for the quarter. As a group, equities analysts predict that ATCO Ltd. will post 4.1980634 earnings per share 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.