ATS Co. (TSE:ATS) Given Consensus Recommendation of “Buy” by Analysts

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

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

ATS Price Performance

Shares of ATS stock opened at C$39.50 on Tuesday. The firm has a 50-day moving average of C$43.12 and a 200-day moving average of C$41.35. The company has a market cap of C$3.83 billion, a P/E ratio of 54.11 and a beta of 1.20. ATS has a one year low of C$33.72 and a one year high of C$49.48.

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

Insiders Place Their Bets

In related news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 7,026 shares in the company, valued at approximately C$291,930.30. This represents a 40.80% decrease in their ownership of the stock. 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.