ATCO Ltd. (OTCMKTS:ACLLF – Get Rating) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totalling 102,400 shares, a decline of 13.1% from the July 15th total of 117,900 shares. Based on an average trading volume of 2,200 shares, the short-interest ratio is presently 46.5 days.
ATCO Trading Down 0.3 %
Shares of OTCMKTS:ACLLF opened at $37.30 on Monday. ATCO has a 12 month low of $30.50 and a 12 month high of $37.43. The firm's 50-day moving average is $34.82 and its 200 day moving average is $34.64.
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ATCO Dividend Announcement
The company also recently declared a dividend, which was paid on Thursday, June 30th. Investors of record on Thursday, June 2nd were issued a dividend of $0.366 per share. The ex-dividend date was Wednesday, June 1st. This represents a yield of 4.08%.
Analysts Set New Price Targets
A number of analysts have issued reports on ACLLF shares. National Bank Financial lifted their price target on shares of ATCO from C$46.00 to C$49.00 in a report on Tuesday, August 2nd. Credit Suisse Group downgraded shares of ATCO from an "outperform" rating to a "neutral" rating in a report on Friday, May 27th. Royal Bank of Canada boosted their target price on shares of ATCO from C$47.00 to C$49.00 in a report on Friday, April 29th. Finally, TD Securities boosted their target price on shares of ATCO from C$53.00 to C$55.00 in a report on Friday, April 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, ATCO presently has an average rating of "Moderate Buy" and an average price target of $49.08.
ATCO Company Profile
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ATCO Ltd., together with its subsidiaries, provides housing, logistics and transportation, agriculture, water, real estate, and energy and energy infrastructure solutions in Canada, Australia, and internationally. The company offers workforce and residential housing; modular facilities; construction and site support; workforce lodging; facility operations and maintenance; defense operations; and disaster and emergency management services.
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