ATS (TSE:ATS) Stock Price Down 1.3% – Should You Sell?

ATS Co. (TSE:ATS) shares dropped 1.3% during trading on Monday. The stock traded as low as C$26.37 and last traded at C$26.66. 292,089 shares were traded during mid-day trading, a decline of 5% from the average session volume of 307,991 shares. The stock had previously closed at C$27.01.

Analyst Ratings Changes

A number of research analysts have issued reports on ATS shares. Royal Bank Of Canada reduced their price target on ATS from C$50.00 to C$41.00 in a research report on Monday, August 10th. Stifel Nicolaus lowered their price target on ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Desjardins cut their price objective on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD downgraded shares of ATS from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$49.00 to C$33.00 in a report on Monday, August 10th. Finally, Raymond James Financial decreased their target price on shares of ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$42.25.

ATS Stock Down 0.3%

The firm has a market cap of C$2.54 billion, a price-to-earnings ratio of 53.98 and a beta of 1.07. The stock’s 50 day moving average is C$29.51 and its 200 day moving average is C$37.37.

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

Insider Transactions at ATS

In other news, insider Angella Alexander bought 915 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of C$39.12 per share, with a total value of C$35,794.80. Following the completion of the purchase, the insider directly owned 2,207 shares of the company’s stock, valued at C$86,337.84. This represents a 70.82% increase in their position. Also, insider Anne Cybulski bought 289 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of C$289.00 per share, for a total transaction of C$83,521.00. Following the completion of the acquisition, the insider owned 876 shares of the company’s stock, valued at C$253,164. This trade represents a 49.23% increase in their ownership of the stock. In the last three months, insiders have acquired 7,311 shares of company stock worth $358,222. Corporate 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.