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What should you know before buying stock in Atlas Corp. (ATCO)

Atlas Corp. (NYSE: ATCO) is -1.37% lower on its value in year-to-date trading and has touched a low of $10.12 and a high of $16.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ATCO stock was last observed hovering at around $15.13 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $15.50 for the next 12 months. It is also 27.95% off the consensus price target high of $21.00 offered by 4 analysts, but current levels are 2.39% higher than the price target low of $15.50 for the same period.

Currently trading at $15.13, the stock is -1.11% and -1.24% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.37 million and changing 0.00% at the moment leaves the stock 10.74% off its SMA200. ATCO registered 5.14% gain for a year compared to 6-month gain of 36.43%.

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The stock witnessed a -0.98% loss in the last 1 month and extending the period to 3 months gives it a 2.37%, and is -1.30% down 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 0.42% over the week and 0.30% over the month.

Atlas Corp. (ATCO) has around 6200 employees, a market worth around $4.26B and $1.69B in sales. Current P/E ratio is 7.37 and Fwd P/E is 8.27. Profit margin for the company is 34.10%. Distance from 52-week low is 49.43% and -6.78% from its 52-week high. The company has generated returns on investments over the last 12 months (6.60%).

Atlas Corp. (ATCO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Atlas Corp. (ATCO) is a “Hold”. 4 analysts offering their recommendations for the stock have an average rating of 2.50, where 3 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Atlas Corp. is expected to release its quarterly report on 05/10/2023.The EPS is expected to grow by 151.80% this year.

Atlas Corp. (ATCO) Top Institutional Holders

The shares outstanding are 275.19M, and float is at 209.98M with Short Float at 4.26%.

Atlas Corp. (ATCO) Insider Activity

A total of 0 insider transactions have happened at Atlas Corp. (ATCO) in the last six months, with sales accounting for 0 and purchases happening 0 times.

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