ATS Co. (TSE:ATS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of ATS Co. (TSE:ATS) have received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$42.25.

A number of equities research analysts have recently weighed in on the stock. National Bank Financial dropped their price target on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Desjardins reduced their price target on ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada lowered their price objective on ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. TD cut ATS from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$49.00 to C$33.00 in a report on Monday, August 10th. Finally, TD Securities downgraded ATS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th.

Insider Buying and Selling

In related news, insider Anne Cybulski purchased 289 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of C$289.00 per share, with a total value of C$83,521.00. Following the completion of the purchase, the insider directly owned 876 shares in the company, valued at C$253,164. This trade represents a 49.23% increase in their ownership of the stock. Also, insider Jeff Adamson acquired 953 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of C$39.12 per share, with a total value of C$37,281.36. Following the transaction, the insider directly owned 6,199 shares of the company’s stock, valued at C$242,504.88. This trade represents a 18.17% increase in their ownership of the stock. Insiders have purchased a total of 7,311 shares of company stock worth $358,222 over the last three months. Company insiders own 0.97% of the company’s stock.

ATS Stock Up 0.5%

Shares of ATS stock opened at C$27.15 on Friday. ATS has a twelve month low of C$25.59 and a twelve month high of C$49.48. The company has a 50-day simple moving average of C$33.71 and a two-hundred day simple moving average of C$39.36. The stock has a market capitalization of C$2.66 billion, a price-to-earnings ratio of 56.56 and a beta of 1.07.

ATS (TSE:ATS) last posted its quarterly earnings data 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.

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.