ATS (TSE:ATS) Trading Down 3.2% - What's Next?

Key Points

• Share drop: ATS shares fell 3.2% to C$45.17 on Friday, with 156,131 shares traded—about 29% below the average daily volume and down from a C$46.64 close.
• Analyst sentiment: TD Securities and Scotiabank recently raised price targets to C$48 and maintain Buy/Outperform ratings; five analysts rate the stock a "Buy" with an average target of C$49.60.
• Insider buying: Insider Doug Wright purchased 8,300 shares at C$41.44, boosting his ownership to 16,900 shares (a 96.51% increase).

ATS Co. (TSE:ATS - Get Free Report)'s share price traded down 3.2% on Friday . The company traded as low as C$45.17 and last traded at C$45.17. 156,131 shares were traded during mid-day trading, a decline of 29% from the average session volume of 219,926 shares. The stock had previously closed at C$46.64.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. TD Securities raised their price target on ATS from C$46.00 to C$48.00 and gave the company a "buy" rating in a research note on Monday, January 26th. Scotiabank raised their price target on ATS from C$47.00 to C$48.00 and gave the company an "outperform" rating in a research note on Thursday, February 5th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$49.60.

ATS Stock Down 3.2%

The business's fifty day simple moving average is C$42.31 and its two-hundred day simple moving average is C$39.69. The company has a market cap of C$4.38 billion, a price-to-earnings ratio of 237.74 and a beta of 0.94.

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

Insider Activity at ATS

In other news, insider Doug Wright bought 8,300 shares of the business's stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of C$41.44 per share, for a total transaction of C$343,952.00. Following the completion of the transaction, the insider owned 16,900 shares of the company's stock, valued at approximately C$700,336. This trade represents a 96.51% increase in their ownership of the stock. Company 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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