ATS (TSE:ATS) Price Target Cut to C$50.00 by Analysts at Royal Bank Of Canada

ATS (TSE:ATS) had its price target decreased by Royal Bank Of Canada from C$51.00 to C$50.00 in a research report report published on Friday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Separately, Scotiabank boosted their price objective on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, ATS currently has a consensus rating of “Buy” and an average target price of C$50.17.

ATS Trading Up 1.5%

TSE:ATS opened at C$42.63 on Friday. The company has a market capitalization of C$4.13 billion, a P/E ratio of 224.37 and a beta of 0.97. ATS has a 12 month low of C$33.72 and a 12 month high of C$49.48. The business’s 50-day moving average is C$43.60 and its 200 day moving average is C$40.96.

ATS (TSE:ATS) last announced its earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share (EPS) for the quarter. The business had revenue of C$744.30 million during the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Insider Buying and Selling

In other news, insider Doug Wright acquired 8,600 shares of ATS stock in a transaction dated Monday, March 9th. The shares were acquired at an average cost of C$40.20 per share, for a total transaction of C$345,720.00. Following the acquisition, the insider owned 8,600 shares of the company’s stock, valued at C$345,720. This trade represents a ∞ increase in their ownership of the stock. 0.97% of the stock is owned by corporate insiders.

About ATS

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.