ATS (TSE:ATS) Price Target Lowered to C$42.00 at National Bank Financial

ATS (TSE:ATS) had its price target lowered by equities research analysts at National Bank Financial from C$57.00 to C$42.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target suggests a potential upside of 42.95% from the company’s current price.

Other equities analysts have also issued reports about the stock. Scotiabank upped 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 research report on Tuesday, April 28th. Desjardins set a C$52.00 price objective on shares of ATS and gave the company a “buy” rating in a research report on Wednesday, June 17th. TD lifted their target price on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada dropped their target price on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Eight analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$45.38.

ATS Stock Performance

Shares of TSE ATS traded up C$0.69 during trading on Friday, hitting C$29.38. The company had a trading volume of 588,697 shares, compared to its average volume of 278,962. The stock has a 50 day simple moving average of C$38.77 and a 200 day simple moving average of C$41.28. ATS has a 12 month low of C$28.00 and a 12 month high of C$49.48. The firm has a market capitalization of C$2.85 billion, a P/E ratio of 40.25 and a beta of 1.20.

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 company had revenue of C$698.30 million during the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Insider Activity

In related news, insider Angella Alexander bought 915 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of C$39.12 per share, for a total transaction of C$35,794.80. Following the completion of the transaction, the insider owned 2,207 shares in the company, valued at C$86,337.84. The trade was a 70.82% increase in their ownership of the stock. Also, insider Miroslav Kafedzhiev bought 4,737 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average cost of C$39.12 per share, with a total value of C$185,311.44. Following the completion of the purchase, the insider directly owned 4,737 shares of the company’s stock, valued at C$185,311.44. This represents a ∞ increase in their position. Over the last 90 days, insiders have purchased 7,311 shares of company stock valued at $358,222. Company insiders own 0.97% of the company’s stock.

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.