ATS (TSE:ATS) Sets New 1-Year High – Time to Buy?

Shares of ATS Co. (TSE:ATS) hit a new 52-week high on Wednesday . The stock traded as high as C$49.19 and last traded at C$49.19, with a volume of 77549 shares traded. The stock had previously closed at C$47.76.

Wall Street Analysts Forecast Growth

Separately, Scotiabank upped their price objective on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$50.20.

ATS Stock Up 2.6%

The company has a 50 day moving average price of C$43.44 and a 200-day moving average price of C$40.85. The company has a market cap of C$4.75 billion, a price-to-earnings ratio of 258.00 and a beta of 0.97.

Insider Buying and Selling at ATS

In related news, insider Doug Wright purchased 8,300 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The stock was bought at an average price of C$41.44 per share, with a total value of C$343,952.00. Following the completion of the purchase, the insider owned 16,900 shares in the company, valued at approximately C$700,336. This represents a 96.51% increase in their position. Insiders own 0.97% of the company’s stock.

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.