Brokerages Set ATS Co. (TSE:ATS) PT at C$50.43

Shares of ATS Co. (TSE:ATS) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$50.43.

ATS has been the topic of several recent research reports. Royal Bank Of Canada dropped their price target on ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. TD increased their price objective on ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Desjardins set a C$52.00 target price on ATS and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Scotiabank lifted their target price on 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.

Insider Transactions at ATS

In other news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total value of C$201,185.10. Following the completion of the sale, the insider owned 7,026 shares in the company, valued at approximately C$291,930.30. This trade represents a 40.80% decrease in their position. Also, insider Jeff Adamson bought 953 shares of the stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of C$39.12 per share, for a total transaction of C$37,281.36. Following the acquisition, the insider owned 6,199 shares of the company’s stock, valued at approximately C$242,504.88. This represents a 18.17% increase in their ownership of the stock. Insiders bought a total of 7,311 shares of company stock worth $358,222 over the last quarter. 0.97% of the stock is currently owned by corporate insiders.

ATS Stock Performance

TSE ATS opened at C$37.85 on Friday. The firm has a market cap of C$3.67 billion, a PE ratio of 51.85 and a beta of 1.20. ATS has a one year low of C$33.72 and a one year high of C$49.48. The firm’s fifty day moving average is C$40.58 and its two-hundred day moving average is C$41.55.

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

ATS Company Profile

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.