ATS (TSE:ATS) Reaches New 12-Month Low – What’s Next?

ATS Co. (TSE:ATS) reached a new 52-week low during trading on Monday . The stock traded as low as C$26.48 and last traded at C$26.88, with a volume of 46322 shares trading hands. The stock had previously closed at C$27.20.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. Scotiabank raised 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 research report on Tuesday, April 28th. National Bank Financial dropped their price target on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Raymond James Financial dropped their price target on shares of ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, Stifel Nicolaus cut their price objective on ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$42.25.

ATS Trading Up 2.0%

The firm has a market cap of C$2.67 billion, a PE ratio of 56.77 and a beta of 1.20. The firm has a 50 day moving average price of C$35.76 and a 200-day moving average price of C$40.17.

ATS (TSE:ATS) last released its earnings results on Thursday, August 6th. The company reported C$0.35 earnings per share for the quarter. The firm 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 Activity at ATS

In other news, insider Angella Alexander acquired 915 shares of ATS stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, for a total transaction of C$35,794.80. Following the acquisition, the insider owned 2,207 shares of the company’s stock, valued at C$86,337.84. This trade represents a 70.82% increase in their ownership of the stock. Also, insider Miroslav Kafedzhiev acquired 4,737 shares of ATS stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of C$39.12 per share, for a total transaction of C$185,311.44. Following the completion of the acquisition, the insider directly owned 4,737 shares in the company, valued at approximately C$185,311.44. This represents a ? increase in their position. Insiders have acquired a total of 7,311 shares of company stock worth $358,222 over the last ninety days. 0.97% of the stock is currently owned by insiders.

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.