Desjardins Upgrades ATS (TSE:ATS) to “Moderate Buy”

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

ATS has been the subject of several other reports. Scotiabank raised their price objective 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. Royal Bank Of Canada cut their price objective 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. Finally, TD raised their price objective 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. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$50.43.

ATS Price Performance

Shares of TSE ATS opened at C$39.99 on Tuesday. ATS has a one year low of C$33.72 and a one year high of C$49.48. The business’s fifty day moving average price is C$43.23 and its 200-day moving average price is C$41.27. 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) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 EPS for the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.The firm had revenue of C$744.30 million for the quarter.

Insider Buying and Selling

In other ATS news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the firm’s stock in a transaction 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 directly owned 7,026 shares of the company’s stock, valued at C$291,930.30. This trade 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.