ATS Co. (TSE:ATS) Receives Average Recommendation of “Buy” from Brokerages

ATS Co. (TSE:ATS) has received an average recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$50.17.

Several brokerages recently commented on ATS. TD upped their price target on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank Of Canada lowered their target price on ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Scotiabank upped their target price on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th.

Insider Activity

In other ATS news, insider Doug Wright bought 8,300 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased 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 represents a 96.51% increase in their position. 0.97% of the stock is currently owned by corporate insiders.

ATS Price Performance

Shares of ATS traded up C$0.59 during trading hours on Friday, reaching C$42.59. 436,882 shares of the company’s stock traded hands, compared to its average volume of 231,933. ATS has a twelve month low of C$33.72 and a twelve month high of C$49.48. The business’s fifty day simple moving average is C$43.63 and its two-hundred day simple moving average is C$40.95. The firm has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 224.16 and a beta of 0.97.

ATS (TSE:ATS) last announced its earnings results on Thursday, May 28th. The company reported C$0.36 EPS for the quarter. The firm had revenue of C$744.30 million for the quarter. ATS had a return on equity of 1.09% and a net margin of 0.67%.

About ATS

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.