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 Friday . The stock has a 200-day moving average of C$47.44 and traded as high as C$49.08. ATCO shares last traded at C$48.22, with a volume of 995,219 shares changing hands.

Analyst Upgrades and Downgrades

ACO.X has been the topic of several analyst reports. CIBC lifted their target price on shares of ATCO from C$58.00 to C$59.00 in a research note on Friday, February 28th. Scotiabank lifted their price target on ATCO from C$49.00 to C$51.00 and gave the company a “sector perform” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, ATCO currently has a consensus rating of “Hold” and an average price target of C$51.70.

ATCO Price Performance

The firm has a fifty day moving average of C$47.33 and a 200 day moving average of C$47.46. 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 company has a market capitalization of C$4.81 billion, a P/E ratio of 14.10, a P/E/G ratio of 3.80 and a beta of 0.74.

Insider Activity

In related news, Director Dawn Lorraine Farrell bought 10,550 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were bought at an average cost of C$47.36 per share, for a total transaction of C$499,689.15. Insiders own 0.61% of the company’s stock.

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.