ATS Co. (TSE:ATS) Receives C$42.25 Consensus Target Price from Analysts

Shares of ATS Co. (TSE:ATS) have received an average rating of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$42.25.

A number of equities analysts have commented on the company. Stifel Nicolaus decreased their price target on ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Raymond James Financial decreased their target price on shares of ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Desjardins lowered their price target on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a report on Friday, August 7th. Royal Bank Of Canada dropped their price target on shares of ATS from C$50.00 to C$41.00 in a research report on Monday, August 10th. Finally, TD Securities lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th.

ATS Stock Performance

Shares of ATS opened at C$26.55 on Friday. The firm has a market cap of C$2.61 billion, a price-to-earnings ratio of 55.31 and a beta of 1.07. The firm has a 50 day moving average price of C$32.38 and a 200-day moving average price of C$38.77. ATS has a fifty-two week low of C$25.59 and a fifty-two week high of C$49.48.

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

Insiders Place Their Bets

In other ATS news, insider Jeff Adamson purchased 953 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of C$39.12 per share, with a total value of C$37,281.36. Following the completion of the purchase, the insider directly owned 6,199 shares of the company’s stock, valued at C$242,504.88. The trade was a 18.17% increase in their position. Also, insider Miroslav Kafedzhiev purchased 4,737 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average cost of C$39.12 per share, with a total value of C$185,311.44. Following the purchase, the insider directly owned 4,737 shares of the company’s stock, valued at C$185,311.44. This trade represents a ? increase in their ownership of the stock. Insiders have bought a total of 7,311 shares of company stock valued at $358,222 in the last 90 days. 0.97% of the stock is owned by corporate 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.