ATS (TSE:ATS) Stock Price Down 1.5% - Here's Why

Key Points

• ATS shares fell 1.5% to C$39.52 on Thursday (intraday low C$38.90) as trading volume dropped to about 102,498 shares, roughly 55% below the average.
• Analysts have been raising targets and ratings — Scotiabank, TD Securities and National Bank Financial lifted targets into the C$48–C$57 range; five analysts rate the stock a Buy with a consensus target of C$49.60.
• The company trades with a market cap of C$3.83 billion and a stretched valuation (P/E 208) alongside thin profitability (net margin 0.67%, ROE 1.09%) despite C$760.65M in quarterly revenue, and insider Doug Wright recently purchased 8,300 shares at C$41.44.

ATS Co. (TSE:ATS - Get Free Report)'s share price dropped 1.5% on Thursday . The stock traded as low as C$38.90 and last traded at C$39.52. Approximately 102,498 shares changed hands during trading, a decline of 55% from the average daily volume of 227,513 shares. The stock had previously closed at C$40.13.

Analyst Upgrades and Downgrades

ATS has been the topic of several recent research reports. Scotiabank upped their price objective on ATS from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research report on Thursday, February 5th. TD Securities boosted their target price on shares of ATS from C$46.00 to C$48.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Finally, National Bank Financial upped their target price on shares of ATS from C$54.00 to C$57.00 and gave the company an "outperform" rating in a report on Monday, December 15th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$49.60.

ATS Stock Performance

The company has a market capitalization of C$3.83 billion, a price-to-earnings ratio of 208.00 and a beta of 0.87. The company has a fifty day simple moving average of C$41.42 and a two-hundred day simple moving average of C$39.07.

ATS (TSE:ATS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported C$0.48 earnings per share (EPS) for the quarter. The business had revenue of C$760.65 million for the quarter. ATS had a return on equity of 1.09% and a net margin of 0.67%.

Insider Transactions at ATS

In other ATS news, insider Doug Wright purchased 8,300 shares of the firm's stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of C$41.44 per share, with a total value of C$343,952.00. Following 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 ownership of the stock. 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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