ATCO (TSE:ACO.X) Shares Cross Above Two Hundred Day Moving Average of $37.33

ATCO Ltd. (TSE:ACO.X)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$37.33 and traded as high as C$38.04. ATCO shares last traded at C$37.67, with a volume of 171,492 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ACO.X. BMO Capital Markets raised their price objective on shares of ATCO from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. Scotiabank decreased their target price on ATCO from C$43.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Royal Bank of Canada upped their price objective on shares of ATCO from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Friday, March 1st. Finally, CIBC decreased their price target on ATCO from C$49.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday, April 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$45.00.

ATCO Price Performance

The firm has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 9.86, a PEG ratio of 3.80 and a beta of 0.68. The business’s fifty day simple moving average is C$37.39 and its 200 day simple moving average is C$37.33. The company has a debt-to-equity ratio of 131.44, a current ratio of 1.14 and a quick ratio of 1.48.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.