ATS (TSE:ATS) Given New C$42.00 Price Target at National Bank Financial

ATS (TSE:ATS) had its price objective reduced by National Bank Financial from C$57.00 to C$42.00 in a report issued on Friday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

ATS has been the subject of a number of other research reports. Scotiabank raised their target price on shares of 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. Desjardins set a C$52.00 price target on shares of ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. TD increased their price target 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. Finally, Royal Bank Of Canada cut their price objective on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research report on Friday, May 29th. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$45.38.

ATS Stock Up 2.9%

ATS opened at C$29.52 on Friday. ATS has a 12-month low of C$28.00 and a 12-month high of C$49.48. The business has a 50 day moving average of C$38.51 and a 200-day moving average of C$41.20. The stock has a market cap of C$2.86 billion, a price-to-earnings ratio of 61.50 and a beta of 1.20.

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

Insider Transactions at ATS

In other ATS news, insider Angella Alexander bought 915 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price of C$39.12 per share, for a total transaction of C$35,794.80. Following the transaction, the insider directly owned 2,207 shares in the company, valued at approximately C$86,337.84. This trade represents a 70.82% increase in their position. Also, insider Giuseppe (Joe) Tassone sold 4,842 shares of the firm’s 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 transaction of C$201,185.10. Following the transaction, the insider directly owned 7,026 shares in the company, valued at C$291,930.30. This represents a 40.80% decrease in their ownership of the stock. Over the last ninety days, insiders have purchased 7,311 shares of company stock worth $358,222. Company insiders own 0.97% of the company’s stock.

Trending Headlines about ATS

Here are the key news stories impacting ATS this week:

• Positive Sentiment: Desjardins maintained a buy rating while lowering its target to C$46 from C$52, implying approximately 56.5% upside from C$29.39. BayStreet.CA analyst ratings
• Positive Sentiment: Stifel Nicolaus also kept a buy rating and set a C$44 target, representing roughly 49.7% potential upside. BayStreet.CA analyst ratings
• Positive Sentiment: Raymond James retained an outperform rating with a C$33 target, while National Bank Financial maintained outperform and set a C$42 target. These targets imply more limited and substantial upside, respectively. BayStreet.CA analyst ratings
• Neutral Sentiment: ATS reported quarterly revenue of C$698.3 million and earnings of C$0.35 per share. Its 2.41% net margin and 4.08% return on equity indicate profitability remains relatively modest. ATS quarterly earnings
• Negative Sentiment: The broad target reductions—from prior targets as high as C$57—signal that analysts have tempered their earnings or valuation assumptions. The stock also remains well below its 50-day and 200-day moving averages and near its 1-year low, highlighting continued investor concerns despite the bullish ratings.

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.