ATS Co. (TSE:ATS) Stock Has Consensus Price Target of C$42.25

ATS Co. (TSE:ATS) has been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$42.25.

A number of analysts have recently weighed in on ATS shares. National Bank Financial reduced their price objective on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. Stifel Nicolaus lowered their target price on shares of ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Raymond James Financial dropped their target price on shares of ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Desjardins cut their target price on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, TD cut shares of ATS from a “buy” rating to a “hold” rating and decreased their price target for the company from C$49.00 to C$33.00 in a report on Monday, August 10th.

Insiders Place Their Bets

In other ATS news, insider Jeff Adamson acquired 953 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of C$39.12 per share, with a total value of C$37,281.36. Following the transaction, the insider owned 6,199 shares of the company’s stock, valued at approximately C$242,504.88. This trade represents a 18.17% increase in their ownership of the stock. Also, insider Angella Alexander bought 915 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of C$39.12 per share, with a total value of C$35,794.80. Following the purchase, the insider owned 2,207 shares in the company, valued at C$86,337.84. This trade represents a 70.82% increase in their ownership of the stock. Over the last three months, insiders have acquired 7,311 shares of company stock valued at $358,222. Company insiders own 0.97% of the company’s stock.

ATS Price Performance

ATS opened at C$26.04 on Thursday. The stock has a market capitalization of C$2.56 billion, a P/E ratio of 54.25 and a beta of 1.07. The business has a 50 day simple moving average of C$28.81 and a 200-day simple moving average of C$37.11. ATS has a 12 month low of C$25.30 and a 12 month high of C$49.48.

ATS (TSE:ATS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.35 earnings per share for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%.The business had revenue of C$698.30 million for the quarter.

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.