ATS (TSE:ATS) Price Target Raised to C$49.00 at TD

ATS (TSE:ATS) had its price objective upped by TD from C$48.00 to C$49.00 in a research report released on Friday morning,BayStreet.CA reports. TD currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Scotiabank upped 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 research note on Tuesday, April 28th. Royal Bank Of Canada dropped their price objective on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ATS has a consensus rating of “Buy” and a consensus target price of C$50.17.

ATS Trading Up 1.5%

ATS stock opened at C$42.63 on Friday. The stock has a market cap of C$4.13 billion, a price-to-earnings ratio of 224.37 and a beta of 0.97. The business’s 50-day moving average is C$43.60 and its 200 day moving average is C$40.96. ATS has a 12-month low of C$33.72 and a 12-month high of C$49.48.

ATS (TSE:ATS) last released its quarterly earnings data on Thursday, May 28th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$744.30 million for the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Insiders Place Their Bets

In other ATS news, insider Doug Wright purchased 8,300 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average cost of C$41.44 per share, for a total transaction of C$343,952.00. Following the completion of the acquisition, the insider directly owned 16,900 shares in the company, valued at C$700,336. This represents a 96.51% increase in their ownership of the stock. Company insiders own 0.97% of the company’s stock.

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.