ATS (TSE:ATS) Price Target Lowered to C$44.00 at Stifel Nicolaus

Key Points

• Stifel Nicolaus lowered ATS’s price target from C$52.00 to C$44.00 while maintaining a “buy” rating, implying approximately 49.76% upside from the reported C$29.38 share price.
• Analyst sentiment remains positive overall: eight analysts rate ATS a “Buy,” with an average target price of C$45.38, although several brokerages recently reduced their targets.
• ATS reported quarterly revenue of C$698.30 million and EPS of C$0.35. Insiders also purchased 7,311 shares worth approximately C$358,222 over the last three months.

ATS (TSE:ATS - Get Free Report) had its target price cut by analysts at Stifel Nicolaus from C$52.00 to C$44.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 49.76% from the stock's current price.

ATS has been the subject of a number of other research reports. Scotiabank boosted 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. Royal Bank Of Canada lowered their target price on 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. TD boosted their price target on ATS from C$48.00 to C$49.00 and gave the company a "buy" rating in a report on Friday, May 29th. National Bank Financial reduced their price target on ATS from C$57.00 to C$42.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Raymond James Financial decreased their price objective on ATS from C$46.00 to C$33.00 and set an "outperform" rating on the stock in a research note on Friday. Eight equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of C$45.38.

ATS Price Performance

Shares of TSE:ATS traded up C$0.69 during trading on Friday, hitting C$29.38. The company's stock had a trading volume of 588,697 shares, compared to its average volume of 278,962. The company has a 50-day moving average of C$38.77 and a 200-day moving average of C$41.28. ATS has a 12 month low of C$28.00 and a 12 month high of C$49.48. The firm has a market cap of C$2.85 billion, a price-to-earnings ratio of 40.25 and a beta of 1.20.

ATS (TSE:ATS - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.35 earnings per share (EPS) 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$698.30 million for the quarter.

Insider Buying and Selling

In other ATS news, insider Miroslav Kafedzhiev purchased 4,737 shares of the firm's stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, with a total value of C$185,311.44. Following the completion of the acquisition, the insider directly owned 4,737 shares in the company, valued at C$185,311.44. The trade was a ∞ increase in their ownership of the stock. Also, insider Anne Cybulski acquired 289 shares of the stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of C$289.00 per share, for a total transaction of C$83,521.00. Following the completion of the transaction, the insider directly owned 876 shares of the company's stock, valued at approximately C$253,164. This represents a 49.23% increase in their ownership of the stock. Insiders have purchased a total of 7,311 shares of company stock worth $358,222 in the last three months. Corporate insiders own 0.97% of the company's stock.

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.

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