ATS (TSE:ATS) Sets New 52-Week High – Time to Buy?

Shares of ATS Co. (TSE:ATS) hit a new 52-week high on Thursday . The stock traded as high as C$44.78 and last traded at C$44.54, with a volume of 277432 shares trading hands. The stock had previously closed at C$42.94.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ATS shares. Scotiabank increased their price target on ATS from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. National Bank Financial boosted their price target on shares of ATS from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, December 15th. Finally, TD Securities raised their price objective on shares of ATS from C$46.00 to C$48.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, ATS presently has a consensus rating of “Buy” and a consensus price target of C$49.60.

ATS Price Performance

The company has a market capitalization of C$4.32 billion, a PE ratio of 234.42 and a beta of 0.67. The stock has a 50-day simple moving average of C$39.85 and a 200 day simple moving average of C$38.35.

ATS (TSE:ATS) last released its quarterly earnings results on Wednesday, February 4th. The company reported C$0.48 earnings per share (EPS) for the quarter. The business had revenue of C$760.65 million during the quarter. ATS had a return on equity of 5.25% and a net margin of 3.24%.

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.