ATS (TSE:ATS – Get Free Report) issued its quarterly earnings results on Thursday. The company reported C$0.36 earnings per share for the quarter, FiscalAI reports. 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 Trading Up 1.5%
ATS stock opened at C$42.63 on Friday. ATS has a one year low of C$33.72 and a one year high of C$49.48. The firm has a market capitalization of C$4.13 billion, a PE ratio of 224.37 and a beta of 0.97. The firm has a 50-day moving average of C$43.60 and a two-hundred day moving average of C$40.96.
Analysts Set New Price Targets
A number of brokerages have weighed in on ATS. Scotiabank upped 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. Royal Bank Of Canada cut their price target on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a report on Friday. Finally, TD upped 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. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, ATS presently has an average rating of “Buy” and a consensus price target of C$50.17.
Insider Activity
In related news, insider Doug Wright purchased 8,300 shares of ATS stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of C$41.44 per share, with a total value of C$343,952.00. Following the completion of the transaction, the insider directly owned 16,900 shares of the company’s stock, valued at C$700,336. This trade represents a 96.51% increase in their ownership of the stock. 0.97% of the stock is 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.
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