ATS Co. (TSE:ATS) Receives C$50.43 Consensus Price Target from Analysts

Shares of ATS Co. (TSE:ATS) have earned an average rating of “Buy” from the seven analysts that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$50.43.

ATS has been the subject of a number of research reports. TD lifted their price objective on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Desjardins set a C$52.00 target price on ATS and gave the company a “buy” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada cut their price target on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Finally, Scotiabank raised their price objective on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th.

Insider Activity at ATS

In other ATS news, insider Jeff Adamson purchased 953 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 6,199 shares of the company’s stock, valued at approximately C$242,504.88. This represents a 18.17% increase in their position. Also, insider Miroslav Kafedzhiev purchased 4,737 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$185,311.44. Following the purchase, the insider owned 4,737 shares of the company’s stock, valued at approximately C$185,311.44. This represents a ∞ increase in their ownership of the stock. Insiders acquired 7,311 shares of company stock worth $358,222 over the last 90 days. 0.97% of the stock is currently owned by corporate insiders.

ATS Stock Performance

TSE:ATS opened at C$37.42 on Friday. The stock has a market capitalization of C$3.63 billion, a P/E ratio of 51.26 and a beta of 1.20. The company has a 50 day moving average price of C$40.88 and a 200 day moving average price of C$41.55. ATS has a fifty-two week low of C$33.72 and a fifty-two week 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 for the quarter. The firm had revenue of C$744.30 million during the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%.

ATS Company Profile

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.