Analysts Set ATS Co. (TSE:ATS) Target Price at C$50.17

Shares of ATS Co. (TSE:ATSGet Free Report) have been assigned an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$50.17.

Several research analysts recently issued reports on the stock. 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 for the company in a research note on Friday, May 29th. TD increased their price target on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Scotiabank increased their price target 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.

Get Our Latest Stock Report on ATS

ATS Trading Down 2.3%

TSE:ATS opened at C$39.26 on Friday. The company has a 50-day moving average price of C$43.49 and a 200-day moving average price of C$41.06. The stock has a market cap of C$3.81 billion, a price-to-earnings ratio of 53.78 and a beta of 1.20. ATS has a 12 month low of C$33.72 and a 12 month high of C$49.48.

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

Insider Activity

In other ATS news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total transaction of C$201,185.10. Following the completion of the sale, the insider directly owned 7,026 shares in the company, valued at approximately C$291,930.30. This trade represents a 40.80% decrease in their position. Also, insider Doug Wright acquired 8,600 shares of ATS stock in a transaction on Monday, March 9th. The shares were purchased at an average price of C$40.20 per share, with a total value of C$345,720.00. Following the completion of the purchase, the insider owned 8,600 shares in the company, valued at C$345,720. This represents a ∞ increase in their position. 0.97% of the stock is owned by company insiders.

About ATS

(Get Free Report)

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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Analyst Recommendations for ATS (TSE:ATS)

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