ATS (TSE:ATS) Price Target Cut to C$41.00 by Analysts at Royal Bank Of Canada

ATS (TSE:ATS) had its price objective cut by Royal Bank Of Canada from C$50.00 to C$41.00 in a report issued on Monday,BayStreet.CA reports. Royal Bank Of Canada’s price target points to a potential upside of 47.64% from the company’s previous close.

A number of other analysts have also weighed in on the company. Stifel Nicolaus lowered their target price on ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a research note on Friday. Raymond James Financial lowered their price objective on shares of ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research report on Friday. TD lowered shares of ATS from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$49.00 to C$33.00 in a research report on Monday. Desjardins decreased their price target on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Scotiabank raised their price target 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. Seven analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ATS currently has a consensus rating of “Moderate Buy” and an average target price of C$42.25.

ATS Trading Down 5.9%

TSE ATS traded down C$1.75 during trading hours on Monday, reaching C$27.77. 586,609 shares of the company’s stock were exchanged, compared to its average volume of 283,603. The firm has a fifty day moving average of C$38.51 and a 200-day moving average of C$41.20. ATS has a one year low of C$27.44 and a one year high of C$49.48. The stock has a market cap of C$2.69 billion, a PE ratio of 57.85 and a beta of 1.20.

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

Insider Buying and Selling

In other news, insider Jeff Adamson purchased 953 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average cost of C$39.12 per share, with a total value of C$37,281.36. Following the acquisition, the insider owned 6,199 shares in the company, valued at approximately C$242,504.88. This trade represents a 18.17% increase in their position. 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 sale, the insider directly owned 7,026 shares of the company’s stock, valued at approximately C$291,930.30. The trade was a 40.80% decrease in their ownership of the stock. Insiders have acquired 7,311 shares of company stock valued at $358,222 in the last ninety days. 0.97% of the stock is currently owned by company insiders.

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.