Atlas Corp. (NYSE:ATCO) traded at $11.76 at last check on Friday, Nov 20, making an upward move of 0.34% on its previous day’s price.
Looking at the stock we see that its previous close was $11.72 and the beta (5Y monthly) reads 1 with the day’s price range being $11.53 – 11.89. The company has a 12-month trailing PE ratio of 12.85. In terms of its 52-week price range, ATCO has a high of $14.62 and a low of $5.39. The company’s stock has gained about 26.45% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $372.12 Million, with a low of $364Million and a high of $379Million. The median projection represents growth adding up to 31.6% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $1.41 Billion, or +25% up from figures reported last year.
On the other hand, looking at the outlook for the ATCO stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 6 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 4 have rated the Atlas Corp. (ATCO) stock as a Hold, while 2 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the ATCO stock currently stands at 0, and the current price level is 17.3% off its SMA20 and 23% from its 50-day simple moving average. The RSI (14) is pointing at 69.9 while the volatility over the past week is 3.9% and jumps to 4.65% over the past one month. The beta value is 1, while the average true range (ATR) is currently pointing at 0.5. The average price target for the stock over the next 12 months is $11, with the estimates having a low of $9.5 and a high of $12. These price ends are -19.22% and +2.04% off the current price level respectively, although investors could be excited at the prospect of a -6.46% if the ATCO share price touches on the median price of $11.
Coming back to Atlas Corp. (NYSE:ATCO), we note that the average 3-month trading volume was 386.03 Million, while that of the preceding 10-day period stands at 501.96 Million. Current shares outstanding are 246.03 Million.
According to data from Thomson Reuters, insiders hold 25.52% of the company’s shares while institutions hold 53.53%. The data shows that short shares as of October 29, 2020, stood at 2.38 Million at a short ratio of 6.54. This represents a 0.97% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 2.58 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -17.24% down in year-to-date price movement.