ATS Co. (TSE:ATS) Receives Consensus Rating of “Buy” from Analysts

ATS Co. (TSE:ATS) has earned an average recommendation of “Buy” from the six research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have covered the stock in the last year is C$50.17.

A number of equities analysts have issued reports on the company. Scotiabank increased their target price on ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. TD increased their target price on ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Royal Bank Of Canada reduced 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, May 29th.

Insider Activity at ATS

In other news, insider Doug Wright bought 8,600 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was acquired at an average cost of C$40.20 per share, for a total transaction of C$345,720.00. Following the purchase, the insider owned 8,600 shares of the company’s stock, valued at approximately C$345,720. This trade represents a ∞ increase in their position. 0.97% of the stock is currently owned by corporate insiders.

ATS Stock Up 1.2%

ATS opened at C$41.39 on Friday. ATS has a 12 month low of C$33.72 and a 12 month high of C$49.48. The company has a fifty day simple moving average of C$43.57 and a 200 day simple moving average of C$40.99. The stock has a market cap of C$4.02 billion, a P/E ratio of 56.70 and a beta of 0.97.

ATS (TSE:ATS) last released its quarterly earnings data 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.

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.