ATS (TSE:ATS) Given a C$52.00 Price Target by Desjardins Analysts

ATS (TSE:ATS) has been given a C$52.00 price objective by investment analysts at Desjardins in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 29.51% from the company’s previous close.

Other research analysts also recently issued reports about the stock. Scotiabank increased 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. TD increased their target price on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada reduced their target price on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating, According to MarketBeat, ATS presently has a consensus rating of “Buy” and a consensus price target of C$50.43.

ATS Stock Performance

TSE:ATS traded up C$0.96 on Wednesday, hitting C$40.15. The stock had a trading volume of 438,787 shares, compared to its average volume of 253,822. ATS has a 1 year low of C$33.72 and a 1 year high of C$49.48. The firm’s fifty day simple moving average is C$43.23 and its two-hundred day simple moving average is C$41.24. The stock has a market cap of C$3.89 billion, a P/E ratio of 55.00 and a beta of 1.20.

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

Insider Activity

In other ATS news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 7,026 shares in the company, valued at approximately C$291,930.30. The trade was a 40.80% decrease in their ownership of the stock. Insiders own 0.97% of the company’s stock.

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.