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

ATCO Ltd. (TSE:ACO.X) Senior Officer James Landon sold 1,000 shares of the company’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.

ATCO Stock Performance

ACO.X opened at C$49.05 on Friday. The business has a 50 day moving average price of C$47.57 and a two-hundred day moving average price of C$47.56. ATCO Ltd. has a 1-year low of C$35.56 and a 1-year high of C$50.67. 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 debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Scotiabank raised their price objective on ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. CIBC raised their price target on shares of ATCO from C$58.00 to C$59.00 in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, ATCO currently has a consensus rating of “Hold” and a consensus price target of C$51.70.

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.