TD Increases ATS (TSE:ATS) Price Target to C$49.00

ATS (TSE:ATS) had its price objective upped by equities researchers at TD from C$48.00 to C$49.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 16.22% from the stock’s current price.

ATS has been the topic of several other research reports. Scotiabank lifted their target price 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. Royal Bank Of Canada reduced their price objective on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$50.17.

ATS Trading Up 0.4%

Shares of TSE:ATS traded up C$0.16 during midday trading on Friday, hitting C$42.16. The stock had a trading volume of 364,304 shares, compared to its average volume of 231,453. The company has a market capitalization of C$4.09 billion, a PE ratio of 221.89 and a beta of 0.97. The stock has a 50 day moving average price of C$43.63 and a two-hundred day moving average price of C$40.95. ATS has a 1 year low of C$33.72 and a 1 year high of C$49.48.

ATS (TSE:ATS) last issued its earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. The business had revenue of C$744.30 million for the quarter. ATS had a net margin of 0.67% and a return on equity of 1.09%.

Insider Activity at ATS

In related news, insider Doug Wright acquired 8,300 shares of ATS stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of C$41.44 per share, for a total transaction of C$343,952.00. Following the completion of the purchase, the insider directly owned 16,900 shares of the company’s stock, valued at approximately C$700,336. This trade represents a 96.51% increase in their ownership of the stock. 0.97% of the stock is owned by company 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.