ATS (TSE:ATS) Sets New 52-Week High – Still a Buy?

Shares of ATS Co. (TSE:ATS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$49.19 and last traded at C$49.19, with a volume of 77549 shares. The stock had previously closed at C$47.76.

Analyst Upgrades and Downgrades

Separately, Scotiabank increased their price target on ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 28th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$50.20.

ATS Stock Up 0.9%

The firm has a market cap of C$4.11 billion, a P/E ratio of 222.95 and a beta of 0.97. The company’s 50 day simple moving average is C$43.63 and its 200-day simple moving average is C$40.95.

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

Insider Buying and Selling at ATS

In related news, insider Doug Wright purchased 8,300 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of C$41.44 per share, with a total value of C$343,952.00. Following the completion of the purchase, the insider owned 16,900 shares of the company’s stock, valued at approximately C$700,336. The trade was a 96.51% increase in their position. 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.