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

ATS Co. (TSE:ATS) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$50.43.

A number of analysts recently issued reports on the stock. TD increased their price target on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Scotiabank increased their price target on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Desjardins set a C$52.00 price target on shares of ATS and gave the stock a “buy” rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada lowered 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 report on Friday, May 29th.

ATS Stock Performance

Shares of TSE ATS opened at C$39.78 on Tuesday. The company’s fifty day moving average price is C$42.86 and its 200 day moving average price is C$41.40. ATS has a 1 year low of C$33.72 and a 1 year high of C$49.48. The company has a market capitalization of C$3.86 billion, a PE ratio of 54.49 and a beta of 1.20.

ATS (TSE:ATS) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share (EPS) for the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%. The firm had revenue of C$744.30 million for the quarter.

Insider Transactions at ATS

In other ATS news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total transaction of C$201,185.10. Following the transaction, the insider directly owned 7,026 shares of the company’s stock, valued at C$291,930.30. This trade represents a 40.80% decrease in their ownership of the stock. 0.97% of the stock is currently owned by insiders.

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.