During the last session, Atlas Corp. (NYSE:ATCO)’s traded shares were 0.54 million, with the beta value of the company hitting 1.10. At the end of the trading day, the stock’s price was $15.42, reflecting an intraday loss of -0.32% or -$0.05. The 52-week high for the ATCO share is $15.58, that puts it down -1.04 from that peak though still a striking 45.14% gain since the share price plummeted to a 52-week low of $8.46. The company’s market capitalization is $3.69B, and the average trade volume was 700.21K shares over the past three months.
Atlas Corp. (ATCO) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. ATCO has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.27.
Atlas Corp. (NYSE:ATCO) trade information
Atlas Corp. (ATCO) registered a -0.32% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.32% in intraday trading to $15.42 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 4.54%, and it has moved by 14.73% in 30 days. Based on these gigs, the overall price performance for the year is 79.51%.
The consensus price target of analysts on Wall Street is $17.57, which implies an increase of 12.24% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $15.00 and $21.00 respectively. As a result, ATCO is trading at a discount of -36.19% off the target high and 2.72% off the low.
Atlas Corp. (ATCO) estimates and forecasts
Statistics show that Atlas Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Atlas Corp. (ATCO) shares have gone up 7.23% during the last six months, with a year-to-date growth rate more than the industry average at 40.21% against 16.70. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -6.90% this quarter and then jump 18.50% in the quarter after that. In the rating firms’ projections, revenue will increase 11.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $388.41 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $403.76 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $363.8 million and $386.2 million respectively. In this case, analysts expect current quarter sales to grow by 6.80% and then jump by 4.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -19.20%. While earnings are projected to return -70.10% in 2021, the next five years will return 21.00% per annum.
Atlas Corp. is due to release its next quarterly earnings between November 08 and November 12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Atlas Corp. is 0.50, with the dividend yield indicating at 3.24 percent, continuing the trend of increasing dividends in recent years.
Atlas Corp. (NYSE:ATCO)’s Major holders
Atlas Corp. insiders own 25.33% of total outstanding shares while institutional holders control 70.54%, with the float percentage being 94.48%. Fairfax Financial Holdings Ltd is the largest shareholder of the company, while 197 institutions own stock in it. As of Jun 29, 2021, the company held over 99.93 million shares (or 40.49% of all shares), a total value of $1.42 billion in shares.
The next largest institutional holding, with 7.92 million shares, is of Capital Research Global Investors’s that is approximately 3.21% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $112.87 million.
Also, the Mutual Funds coming in first place with the largest holdings of Atlas Corp. (ATCO) shares are Smallcap World Fund and Capital Income Builder, Inc. Data provided on Mar 30, 2021 indicates that Smallcap World Fund owns about 6.3 million shares. This amounts to just over 2.55 percent of the company’s overall shares, with a $86.0 million market value. The same data shows that the other fund manager holds slightly less at 1.1 million, or about 0.45% of the stock, which is worth about $15.73 million.