ATS (TSE:ATS) Stock Price Down 1.3% - What's Next?

Key Points

• ATS shares fell 1.3% to C$26.66, below both their 50-day moving average of C$29.74 and 200-day moving average of C$37.47.
• Analysts lowered several price targets and ratings, although the consensus remains “Moderate Buy” with an average target of C$42.25.
• The company reported quarterly revenue of C$698.3 million and earnings of C$0.35 per share; insiders have purchased 7,311 shares worth approximately C$358,222 over the past 90 days.

ATS Co. (TSE:ATS - Get Free Report) shares traded down 1.3% during trading on Monday. The company traded as low as C$26.37 and last traded at C$26.66. 292,089 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 307,991 shares. The stock had previously closed at C$27.01.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ATS shares. TD Securities lowered ATS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Royal Bank Of Canada dropped their target price on ATS from C$50.00 to C$41.00 in a report on Monday, August 10th. Stifel Nicolaus cut their target price on ATS from C$52.00 to C$44.00 and set a "buy" rating on the stock in a research note on Friday, August 7th. TD cut ATS from a "buy" rating to a "hold" rating and cut their target price for the stock from C$49.00 to C$33.00 in a research note on Monday, August 10th. Finally, Desjardins reduced 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. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$42.25.

ATS Price Performance

The firm's 50 day moving average price is C$29.74 and its 200-day moving average price is C$37.47. The stock has a market cap of C$2.62 billion, a P/E ratio of 55.54 and a beta of 1.07.

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

Insiders Place Their Bets

In other ATS news, insider Anne Cybulski bought 289 shares of ATS stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of C$289.00 per share, with a total value of C$83,521.00. Following the acquisition, the insider owned 876 shares in the company, valued at approximately C$253,164. This trade represents a 49.23% increase in their ownership of the stock. Also, insider Miroslav Kafedzhiev purchased 4,737 shares of the firm's stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of C$39.12 per share, with a total value of C$185,311.44. Following the purchase, the insider directly owned 4,737 shares of the company's stock, valued at approximately C$185,311.44. The trade was a ∞ increase in their ownership of the stock. Insiders acquired a total of 7,311 shares of company stock worth $358,222 in the last 90 days. 0.97% of the stock is currently owned by company insiders.

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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