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

Shares of ATS Co. (TSE:ATS) have been assigned a consensus recommendation of “Buy” from the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$50.43.

A number of equities research analysts have issued reports on ATS shares. Scotiabank upped their price target on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. TD upped 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 note on Friday, May 29th. Royal Bank Of Canada cut their price target on ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Finally, 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.

Insiders Place Their Bets

In other news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$41.55, for a total value of C$201,185.10. Following the completion of the transaction, the insider directly owned 7,026 shares of the company’s stock, valued at approximately C$291,930.30. This represents a 40.80% decrease in their position. Also, insider Miroslav Kafedzhiev purchased 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 purchase, the insider owned 4,737 shares in the company, valued at C$185,311.44. This represents a ? increase in their ownership of the stock. Insiders acquired a total of 7,311 shares of company stock worth $358,222 in the last 90 days. 0.97% of the stock is owned by corporate insiders.

ATS Trading Down 1.1%

Shares of ATS stock opened at C$38.68 on Friday. The firm has a fifty day simple moving average of C$41.07 and a 200-day simple moving average of C$41.53. The stock has a market capitalization of C$3.75 billion, a price-to-earnings ratio of 52.99 and a beta of 1.20. ATS has a 1-year low of C$33.72 and a 1-year high of C$49.48.

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

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.