ATS (TSE:ATS) Given a C$52.00 Price Target at Desjardins

ATS (TSE:ATS) has been assigned a C$52.00 price objective by stock analysts at Desjardins in a note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 29.51% from the company’s previous close.

Several other research analysts also recently issued reports on ATS. TD upped 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 note on Friday, May 29th. Royal Bank Of Canada lowered their price objective 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, Scotiabank increased their price objective on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research report on Tuesday, April 28th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of C$50.43.

ATS Trading Up 2.4%

Shares of ATS stock traded up C$0.96 during mid-day trading on Wednesday, reaching C$40.15. The stock had a trading volume of 438,787 shares, compared to its average volume of 253,822. The stock’s 50-day moving average price is C$43.23 and its two-hundred day moving average price is C$41.24. The firm has a market capitalization of C$3.89 billion, a PE ratio of 55.00 and a beta of 1.20. ATS has a 52-week low of C$33.72 and a 52-week high of C$49.48.

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

Insiders Place Their Bets

In related news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the 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 transaction of C$201,185.10. Following the transaction, the insider owned 7,026 shares in the company, valued at C$291,930.30. This represents a 40.80% decrease in their ownership of the stock. 0.97% of the stock is currently 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.