ATS Co. (TSE:ATS) Given Average Recommendation of “Buy” by Analysts

ATS Co. (TSE:ATS) has earned an average rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$50.43.

ATS has been the topic of a number of research reports. Scotiabank boosted 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 report on Tuesday, April 28th. Desjardins set a C$52.00 target price on shares of ATS and gave the stock a “buy” rating in a report on Wednesday, June 17th. Royal Bank Of Canada decreased their price target on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, TD upped their price target on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Friday, May 29th.

Insiders Place Their Bets

In related news, insider Angella Alexander bought 915 shares of ATS 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 completion of the acquisition, 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 Miroslav Kafedzhiev purchased 4,737 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of C$39.12 per share, with a total value of C$185,311.44. Following the transaction, the insider directly owned 4,737 shares in the company, valued at C$185,311.44. This trade represents a ? increase in their ownership of the stock. Over the last ninety days, insiders acquired 7,311 shares of company stock worth $358,222. Corporate insiders own 0.97% of the company’s stock.

ATS Stock Up 0.0%

TSE:ATS opened at C$37.26 on Friday. The business’s 50-day moving average price is C$40.29 and its 200 day moving average price is C$41.51. ATS has a 52-week low of C$33.72 and a 52-week high of C$49.48. The firm has a market cap of C$3.61 billion, a P/E ratio of 51.04 and a beta of 1.20.

ATS (TSE:ATS) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%. The company had revenue of C$744.30 million during the quarter.

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.