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

ATCO Ltd. (TSE:ACO.X) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$63.40 and traded as high as C$72.29. ATCO shares last traded at C$71.41, with a volume of 303,214 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ACO.X shares. Scotia upped their target price 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. Canadian Imperial Bank of Commerce upped their target price on ATCO from C$72.00 to C$82.00 in a research report on Monday, April 20th. BMO Capital Markets upped their target price on ATCO from C$63.00 to C$69.00 in a research report on Friday, February 27th. Royal Bank Of Canada upped their price objective on ATCO from C$66.00 to C$71.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, TD Securities upped their price objective 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. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$69.86.

ATCO Stock Down 1.2%

The stock has a market cap of C$7.21 billion, a PE ratio of 51.37, a price-to-earnings-growth ratio of 3.80 and a beta of 0.36. 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 50-day moving average price of C$69.44 and a 200-day moving average price of C$63.40.

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