Stifel Nicolaus Lowers ATS (TSE:ATS) Price Target to C$44.00

ATS (TSE:ATS) had its target price dropped by equities researchers at Stifel Nicolaus from C$52.00 to C$44.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 49.76% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on ATS. Desjardins reduced their target price on ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a report on Friday. Raymond James Financial reduced their price objective on ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank Of Canada decreased their price objective on ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. TD increased their target price on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Scotiabank raised 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. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$45.38.

ATS Trading Up 2.4%

ATS traded up C$0.69 during trading on Friday, hitting C$29.38. 588,697 shares of the company traded hands, compared to its average volume of 278,962. The company has a market cap of C$2.85 billion, a PE ratio of 40.25 and a beta of 1.20. The stock’s 50-day simple moving average is C$38.77 and its two-hundred day simple moving average is C$41.28. ATS has a 1 year low of C$28.00 and a 1 year high of C$49.48.

ATS (TSE:ATS) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%. The business had revenue of C$698.30 million for the quarter.

Insider Buying and Selling

In related news, insider Angella Alexander acquired 915 shares of the stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of C$39.12 per share, with a total value of C$35,794.80. Following the purchase, the insider directly owned 2,207 shares of the company’s stock, valued at approximately C$86,337.84. This trade represents a 70.82% increase in their ownership of the stock. Also, insider Giuseppe (Joe) Tassone sold 4,842 shares of ATS stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$41.55, for a total value of C$201,185.10. Following the completion of the transaction, the insider owned 7,026 shares of the company’s stock, valued at approximately C$291,930.30. This trade represents a 40.80% decrease in their position. Insiders have bought a total of 7,311 shares of company stock valued at $358,222 in the last quarter. 0.97% of the stock is currently owned by insiders.

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.