James Landon Sells 1,000 Shares of ATCO Ltd. (TSE:ACO.X) Stock

ATCO Ltd. (TSE:ACO.X) Senior Officer James Landon sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total value of C$49,800.00.

ATCO Stock Down 0.5 %

Shares of TSE:ACO.X opened at C$49.05 on Friday. The company has a market capitalization of C$4.89 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a 50 day moving average of C$47.57 and a two-hundred day moving average of C$47.56. ATCO Ltd. has a 52-week low of C$35.56 and a 52-week high of C$50.67. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ACO.X. CIBC increased their target price on shares of ATCO from C$58.00 to C$59.00 in a research report on Friday, February 28th. Scotiabank upped their price target on shares of ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, ATCO currently has an average rating of “Hold” and an average target price of C$51.70.

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.