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

Key Points

• Analysts have a “Moderate Buy” consensus on ATS, with six buy ratings and two holds among eight analysts. The average 12-month price target is C$42.25.
• Several firms recently cut their price targets, including TD, which downgraded ATS to “hold” and lowered its target to C$33.00; other targets now range from C$33.00 to C$46.00.
• ATS shares opened at C$25.72, near their C$25.59 one-year low, while the company reported quarterly revenue of C$698.3 million and EPS of C$0.35. Insiders have purchased 7,311 shares worth approximately C$358,222 over the past 90 days.

Shares of ATS Co. (TSE:ATS - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$42.25.

A number of research firms have recently weighed in on ATS. Desjardins lowered their price target on ATS from C$52.00 to C$46.00 and set a "buy" rating for the company in a report on Friday, August 7th. TD lowered shares of ATS from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$49.00 to C$33.00 in a report on Monday, August 10th. Stifel Nicolaus decreased their target price on shares of ATS from C$52.00 to C$44.00 and set a "buy" rating on the stock in a research report on Friday, August 7th. Raymond James Financial lowered their target price on shares of ATS from C$46.00 to C$33.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Finally, Royal Bank Of Canada dropped their price target on shares of ATS from C$50.00 to C$41.00 in a research report on Monday, August 10th.

Insider Activity at ATS

In other news, insider Anne Cybulski bought 289 shares of the business's stock in a transaction on Tuesday, July 7th. The shares were bought at an average price of C$289.00 per share, with a total value of C$83,521.00. Following the completion of the transaction, the insider directly owned 876 shares in the company, valued at C$253,164. This trade represents a 49.23% increase in their ownership of the stock. Also, insider Jeff Adamson purchased 953 shares of the firm's stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price of C$39.12 per share, for a total transaction of C$37,281.36. Following the completion of the purchase, the insider directly owned 6,199 shares of the company's stock, valued at C$242,504.88. This represents a 18.17% increase in their ownership of the stock. Over the last 90 days, insiders bought 7,311 shares of company stock worth $358,222. Company insiders own 0.97% of the company's stock.

ATS Stock Performance

ATS opened at C$25.72 on Thursday. The stock has a market capitalization of C$2.52 billion, a PE ratio of 53.58 and a beta of 1.07. ATS has a one year low of C$25.59 and a one year high of C$49.48. The business's 50 day moving average price is C$29.26 and its 200 day moving average price is C$37.28.

ATS (TSE:ATS - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.35 earnings per share (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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