ATCO (TSE:ACO.X) Sets New 52-Week High – Here’s What Happened

ATCO Ltd. (TSE:ACO.X)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$50.72 and last traded at C$50.67, with a volume of 28927 shares trading hands. The stock had previously closed at C$50.41.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ACO.X shares. Scotiabank raised their target price on 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. CIBC increased their price objective on ATCO from C$58.00 to C$59.00 in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$51.70.

ATCO Stock Up 0.0 %

The firm has a 50 day moving average price of C$47.74 and a 200-day moving average price of C$47.66. The firm has a market cap of C$5.03 billion, a price-to-earnings ratio of 14.74, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Insider Activity at ATCO

In other ATCO news, Director Dawn Lorraine Farrell bought 10,550 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was acquired at an average price of C$47.36 per share, with a total value of C$499,689.15. Also, Senior Officer James Landon sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$49.80, for a total value of C$49,800.00. Over the last quarter, insiders sold 2,100 shares of company stock worth $103,044. 0.61% of the stock is owned by insiders.

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.