TD Increases ATS (TSE:ATS) Price Target to C$49.00

ATS (TSE:ATS) had its target price hoisted by research analysts at TD from C$48.00 to C$49.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD’s target price suggests a potential upside of 16.22% from the company’s previous close.

Several other brokerages have also commented on ATS. Scotiabank lifted their price target on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada cut their price target on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$50.17.

ATS Trading Up 0.4%

TSE:ATS traded up C$0.16 during midday trading on Friday, hitting C$42.16. 364,304 shares of the company were exchanged, compared to its average volume of 231,453. The company has a fifty day simple moving average of C$43.63 and a 200 day simple moving average of C$40.95. ATS has a fifty-two week low of C$33.72 and a fifty-two week high of C$49.48. The company has a market capitalization of C$4.09 billion, a PE ratio of 221.89 and a beta of 0.97.

ATS (TSE:ATS) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 EPS for the quarter. ATS had a net margin of 0.67% and a return on equity of 1.09%. The firm had revenue of C$744.30 million for the quarter.

Insider Transactions at ATS

In other ATS news, insider Doug Wright acquired 8,600 shares of the stock in a transaction on Monday, March 9th. The shares were bought at an average cost of C$40.20 per share, with a total value of C$345,720.00. Following the transaction, the insider owned 8,600 shares of the company’s stock, valued at approximately C$345,720. This trade represents a ∞ increase in their position. 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.