ATS (TSE:ATS) Sets New 1-Year Low – Here’s What Happened

ATS Co. (TSE:ATS)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$27.31 and last traded at C$27.31, with a volume of 161254 shares traded. The stock had previously closed at C$28.16.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. National Bank Financial dropped their price target on ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. TD downgraded ATS from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$49.00 to C$33.00 in a report on Monday, August 10th. Scotiabank raised their price objective on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada dropped their target price on shares of ATS from C$50.00 to C$41.00 in a report on Monday, August 10th. Finally, TD Securities downgraded shares of ATS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$42.25.

ATS Price Performance

The stock’s 50 day simple moving average is C$37.33 and its two-hundred day simple moving average is C$40.78. The firm has a market cap of C$2.67 billion, a P/E ratio of 56.58 and a beta of 1.20.

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

Insider Buying and Selling at ATS

In related news, insider Jeff Adamson purchased 953 shares of ATS stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of C$39.12 per share, for a total transaction of C$37,281.36. Following the completion of the acquisition, the insider directly owned 6,199 shares of the company’s stock, valued at C$242,504.88. The trade was a 18.17% increase in their ownership of the stock. Also, insider Angella Alexander purchased 915 shares of the stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of C$39.12 per share, with a total value of C$35,794.80. Following the transaction, the insider owned 2,207 shares in the company, valued at C$86,337.84. The trade was a 70.82% increase in their ownership of the stock. Insiders have bought 7,311 shares of company stock valued at $358,222 in the last ninety days. Corporate insiders own 0.97% of the company’s stock.

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.