During the recent session, Atlas Corp. (NYSE:ATCO)’s traded shares were 1.93 million, with the beta value of the company hitting 1.15. At the last check today, the stock’s price was $14.30, reflecting an intraday gain of 23.60% or $2.73. The 52-week high for the ATCO share is $16.49, that puts it down -15.31 from that peak though still a striking 29.23% gain since the share price plummeted to a 52-week low of $10.12. The company’s market capitalization is $2.81B, and the average intraday trading volume over the past 10 days was 0.29 million shares, and the average trade volume was 517.77K 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 2.50. ATCO has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.
Atlas Corp. (NYSE:ATCO) trade information
Atlas Corp. (ATCO) registered a 23.60% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 23.60% in intraday trading to $14.30 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 0.52%, and it has moved by 12.88% in 30 days. Based on these gigs, the overall price performance for the year is -11.68%. The short interest in Atlas Corp. (NYSE:ATCO) is 5.85 million shares and it means that shorts have 13.5 day(s) to cover.
The consensus price target of analysts on Wall Street is $16.17, which implies an increase of 11.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10.50 and $21.00 respectively. As a result, ATCO is trading at a discount of -46.85% off the target high and 26.57% 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 down -24.92% during the last six months, with a year-to-date growth rate more than the industry average at -4.76% against -10.90. In the rating firms’ projections, revenue will increase 4.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $414.48 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $430.09 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $393.9 million and $404.3 million respectively. In this case, analysts expect current quarter sales to grow by 5.20% and then jump by 6.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 21.70%. While earnings are projected to return 151.80% in 2022, the next five years will return 21.00% per annum.
Atlas Corp. is due to release its next quarterly earnings on August 09. 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 4.32 percent, continuing the trend of increasing dividends in recent years.
Atlas Corp. (NYSE:ATCO)’s Major holders
Atlas Corp. insiders own 26.06% of total outstanding shares while institutional holders control 66.30%, with the float percentage being 89.67%. Fairfax Financial Holdings Ltd is the largest shareholder of the company, while 205 institutions own stock in it. As of Mar 30, 2022, the company held over 100.04 million shares (or 40.38% of all shares), a total value of $1.43 billion in shares.
The next largest institutional holding, with 10.61 million shares, is of Capital Research Global Investors’s that is approximately 4.28% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $151.35 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 Jun 29, 2022 indicates that Smallcap World Fund owns about 8.77 million shares. This amounts to just over 3.54 percent of the company’s overall shares, with a $125.05 million market value. The same data shows that the other fund manager holds slightly less at 2.22 million, or about 0.90% of the stock, which is worth about $31.72 million.