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

ATS Co. (TSE:ATS) has been assigned an average rating of “Buy” from the seven brokerages that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$50.43.

A number of research analysts recently issued reports on the stock. Royal Bank Of Canada dropped their target price on shares of 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. Scotiabank boosted their target price on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 28th. Desjardins set a C$52.00 price objective on shares of ATS and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, TD upped their price objective on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th.

ATS Stock Performance

TSE:ATS opened at C$39.50 on Tuesday. The firm’s fifty day moving average is C$43.12 and its 200-day moving average is C$41.35. ATS has a 52 week low of C$33.72 and a 52 week high of C$49.48. The firm has a market cap of C$3.83 billion, a P/E ratio of 54.11 and a beta of 1.20.

ATS (TSE:ATS) last posted 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 company had revenue of C$744.30 million for the quarter.

Insiders Place Their Bets

In other ATS news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total transaction of C$201,185.10. Following the transaction, the insider owned 7,026 shares in the company, valued at approximately C$291,930.30. This represents a 40.80% decrease in their ownership of the stock. Insiders own 0.97% of the company’s stock.

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.