ATCO (TSE:ACO.X) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$53.45 and traded as high as C$59.60. ATCO shares last traded at C$59.44, with a volume of 259,160 shares trading hands.

Analyst Ratings Changes

ACO.X has been the topic of a number of recent analyst reports. National Bankshares lifted their price objective on shares of ATCO from C$51.00 to C$54.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. TD Securities increased their price objective on ATCO from C$55.00 to C$57.00 and gave the company a “hold” rating in a report on Tuesday, November 11th. Scotiabank increased their price objective on shares of ATCO from C$56.00 to C$61.00 in a research report on Tuesday, December 16th. Royal Bank Of Canada lifted their price objective on shares of ATCO from C$53.00 to C$59.00 in a research note on Monday, November 10th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of ATCO from C$68.00 to C$69.00 in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$60.00.

ATCO Trading Up 0.8%

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’s fifty day moving average price is C$56.69 and its two-hundred day moving average price is C$53.45. The stock has a market capitalization of C$6.66 billion, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 3.80 and a beta of 0.46.

ATCO Company Profile

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.