ATS (TSE:ATS) Downgraded to “Hold” Rating by TD Securities

ATS (TSE:ATS) was downgraded by equities research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Desjardins cut their price target on ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada decreased their price objective on ATS from C$50.00 to C$41.00 in a research note on Monday. National Bank Financial dropped their price objective on ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday. Stifel Nicolaus cut their target price on shares of ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a research note on Friday. Finally, TD lowered shares of ATS from a “buy” rating to a “hold” rating and reduced their target price for the company from C$49.00 to C$33.00 in a report on Monday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.25.

ATS Price Performance

Shares of ATS stock opened at C$27.51 on Monday. ATS has a 1 year low of C$27.36 and a 1 year high of C$49.48. The company has a market capitalization of C$2.67 billion, a P/E ratio of 57.31 and a beta of 1.20. The business has a 50 day moving average price of C$38.24 and a 200 day moving average price of C$41.12.

ATS (TSE:ATS) last announced its earnings results on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. The firm had revenue of C$698.30 million for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%.

Insider Buying and Selling at ATS

In related news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the firm’s stock in a transaction that occurred 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 sale, the insider directly owned 7,026 shares of the company’s stock, valued at approximately C$291,930.30. This trade represents a 40.80% decrease in their ownership of the stock. Also, insider Miroslav Kafedzhiev bought 4,737 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of C$39.12 per share, for a total transaction of C$185,311.44. Following the completion of the transaction, the insider directly owned 4,737 shares of the company’s stock, valued at approximately C$185,311.44. The trade was a ? increase in their position. Over the last 90 days, insiders bought 7,311 shares of company stock worth $358,222. 0.97% of the stock is currently owned by insiders.

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.