ATS (TSE:ATS) Stock Rating Upgraded by Desjardins

ATS (TSE:ATS – Get Free Report) was upgraded by Desjardins to a “moderate buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on ATS. TD raised their target price on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. 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 report on Tuesday, April 28th. Finally, 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 on the stock in a report on Friday, May 29th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$50.43.

Get ATS alerts:

Get Our Latest Stock Analysis on ATS

ATS Stock Performance

ATS opened at C$39.99 on Tuesday. The company’s 50 day simple moving average is C$43.23 and its 200 day simple moving average is C$41.27. ATS has a 1 year low of C$33.72 and a 1 year high of C$49.48. The stock has a market capitalization of C$3.88 billion, a PE ratio of 54.78 and a beta of 1.20.

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

Insider Buying and Selling

In related news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total value of C$201,185.10. Following the transaction, the insider owned 7,026 shares in the company, valued at approximately C$291,930.30. This trade represents a 40.80% decrease in their ownership of the stock. Insiders own 0.97% of the company’s stock.

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.

Featured Articles

• Five stocks we like better than ATS
• Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
• CoreWeave Insider Sales Look Big, But Should Investors Worry?
• Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
• Meta and Cloud Computing: Real Potential, or a Shot in the Dark?

Receive News & Ratings for ATS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATS and related companies with MarketBeat.com's FREE daily email newsletter.