ATS (TSE:ATS) Sets New 1-Year High – Time to Buy?

ATS Co. (TSE:ATS) hit a new 52-week high during trading on Wednesday . The company traded as high as C$49.19 and last traded at C$49.19, with a volume of 77549 shares changing hands. The stock had previously closed at C$47.76.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their price objective on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, ATS currently has a consensus rating of “Buy” and an average price target of C$50.20.

ATS Stock Performance

The company has a market capitalization of C$4.75 billion, a price-to-earnings ratio of 258.00 and a beta of 0.97. The firm has a fifty day moving average price of C$43.44 and a 200-day moving average price of C$40.85.

Insider Buying and Selling at ATS

In other ATS news, insider Doug Wright acquired 8,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average cost of C$41.44 per share, for a total transaction of C$343,952.00. Following the transaction, 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. 0.97% of the stock is currently owned by corporate 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.