ATS (TSE:ATS) Rating Increased to Moderate Buy at Desjardins

Desjardins upgraded shares of ATS (TSE:ATS) to a moderate buy rating in a report issued on Tuesday,Zacks.com reports.

A number of other analysts also recently weighed in on the stock. 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, May 29th. TD upped their price target on shares of ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, Scotiabank upped 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 report on Tuesday, April 28th. Seven research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$50.43.

ATS Trading Up 2.0%

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

ATS (TSE:ATS) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share for the quarter. 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.

Insider Buying and Selling

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 value of C$201,185.10. Following the completion of the transaction, the insider owned 7,026 shares of the company’s stock, valued at C$291,930.30. This represents a 40.80% decrease in their position. 0.97% of the stock is currently owned by 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.