Atlas Corp. (NYSE: ATCO) is 3.32% higher on its value in year-to-date trading and has touched a low of $5.39 and a high of $14.62 in the current 52-week trading range. The ATCO stock was last observed hovering at around $11.20 in the last trading session, with the day’s gains setting it 0.32% off its average median price target of $11.50 for the next 12 months. It is also 14.67% off the consensus price target high of $13.50 offered by 6 analysts, but current levels are -4.73% lower than the price target low of $11.00 for the same period.
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Currently trading at $11.52, the stock is 7.52% and 6.06% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing 2.86% at the moment leaves the stock 33.06% off its SMA200. ATCO registered -22.81% loss for a year compared to 6-month gain of 49.53%. The firm has a 50-day simple moving average (SMA 50) of $10.94 and a 200-day simple moving average (SMA200) of $9.28.
The stock witnessed a -0.44% loss in the last 1 month and extending the period to 3 months gives it a 19.91%, and is 3.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.33% over the week and 3.88% over the month.
Atlas Corp. (ATCO) has around 4400 employees, a market worth around $2.73B and $1.35B in sales. Current P/E ratio is 12.24 and Fwd P/E is 9.71. Profit margin for the company is 16.50%. Distance from 52-week low is 113.73% and -21.20% from its 52-week high. The company has generated returns on investments over the last 12 months (10.10%).
Atlas Corp. (ATCO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Atlas Corp. (ATCO) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.70, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Atlas Corp. quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $374.38M over the same period.The EPS is expected to grow by 27.50% this year, but quarterly earnings will post 26.60% year-over-year. Quarterly sales are estimated to grow 30.00% in year-over-year returns.
Atlas Corp. (ATCO) Top Institutional Holders
150 institutions hold shares in Atlas Corp. (ATCO), with 62.65M shares held by insiders accounting for 25.52% while institutional investors hold 71.75% of the company’s shares. The shares outstanding are 245.92M, and float is at 184.49M with Short Float at 1.14%. Institutions hold 53.44% of the Float.
The top institutional shareholder in the company is Fairfax Financial Holdings Ltd/ Can with over 99.4 million shares valued at $888.64 million. The investor’s holdings represent 40.29% of the ATCO Shares outstanding. As of Sep 29, 2020, the second largest holder is Capital Research Global Investors with 4.5 million shares valued at $40.23 million to account for 1.82% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.8 million shares representing 1.14% and valued at over $25.04 million, while Dimensional Fund Advisors LP holds 1.11% of the shares totaling 2.74 million with a market value of $24.52 million.