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

Shares of ATS Co. (TSE:ATS) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$42.25.

A number of research analysts have recently issued reports on the company. Desjardins reduced their price objective on ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD cut ATS from a “buy” rating to a “hold” rating and dropped their target price for the company from C$49.00 to C$33.00 in a report on Monday, August 10th. Raymond James Financial reduced their price target on ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. TD Securities cut ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, National Bank Financial lowered 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, August 7th.

ATS Stock Performance

Shares of ATS stock opened at C$26.85 on Wednesday. ATS has a 52-week low of C$26.65 and a 52-week high of C$49.48. The company has a fifty day moving average of C$36.89 and a 200-day moving average of C$40.60. The stock has a market capitalization of C$2.63 billion, a price-to-earnings ratio of 55.94 and a beta of 1.20.

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

Insider Buying and Selling

In other news, insider Angella Alexander purchased 915 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of C$39.12 per share, with a total value of C$35,794.80. Following the transaction, the insider directly owned 2,207 shares of the company’s stock, valued at approximately C$86,337.84. This represents a 70.82% increase in their position. Also, insider Miroslav Kafedzhiev purchased 4,737 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of C$39.12 per share, for a total transaction of C$185,311.44. Following the acquisition, the insider owned 4,737 shares in the company, valued at approximately C$185,311.44. The trade was a ? increase in their ownership of the stock. Insiders bought 7,311 shares of company stock valued at $358,222 over the last quarter. Company 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.