ATS Co. (TSE:ATS) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on ATS, with six buy ratings and two holds; the average 12-month price target is C$42.25.
• Several firms recently lowered their price targets, including Raymond James to C$33, Stifel to C$44, and TD to C$33; TD also downgraded the stock to “hold.”
• Insiders purchased 7,311 shares worth approximately C$358,222 over the past 90 days, while ATS recently reported quarterly revenue of C$698.3 million and EPS of C$0.35.

ATS Co. (TSE:ATS - Get Free Report) has been given an average recommendation of "Moderate Buy" by the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$42.25.

A number of equities analysts have commented on ATS shares. Raymond James Financial reduced their price objective on shares of ATS from C$46.00 to C$33.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Stifel Nicolaus cut their target price on shares of ATS from C$52.00 to C$44.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Royal Bank Of Canada reduced their target price on shares of ATS from C$50.00 to C$41.00 in a report on Monday, August 10th. TD Securities lowered shares of ATS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Finally, TD lowered 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 research note on Monday, August 10th.

Insider Transactions at ATS

In other news, insider Jeff Adamson bought 953 shares of the firm's stock in a transaction dated Tuesday, July 7th. The shares were bought at an average price of C$39.12 per share, with a total value of C$37,281.36. Following the completion of the transaction, the insider owned 6,199 shares of the company's stock, valued at C$242,504.88. This trade represents a 18.17% increase in their ownership of the stock. Also, insider Miroslav Kafedzhiev bought 4,737 shares of the firm's stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of C$39.12 per share, for a total transaction of C$185,311.44. Following the transaction, the insider directly owned 4,737 shares of the company's stock, valued at C$185,311.44. The trade was a ∞ increase in their position. In the last ninety days, insiders have purchased 7,311 shares of company stock worth $358,222. Insiders own 0.97% of the company's stock.

ATS Trading Up 0.5%

TSE:ATS opened at C$27.15 on Friday. The stock has a market capitalization of C$2.66 billion, a PE ratio of 56.56 and a beta of 1.07. The firm has a fifty day simple moving average of C$33.71 and a 200 day simple moving average of C$39.36. ATS has a 1-year low of C$25.59 and a 1-year high of C$49.48.

ATS (TSE:ATS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%.The company had revenue of C$698.30 million during 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.

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