ATS (TSE:ATS) Trading Down 1.5% – Here’s Why

ATS Co. (TSE:ATS)’s share price traded down 1.5% on Thursday . The stock traded as low as C$38.90 and last traded at C$39.52. 102,498 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 227,513 shares. The stock had previously closed at C$40.13.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. TD Securities raised their target price on ATS from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, January 26th. Scotiabank increased 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. Finally, National Bank Financial raised their price objective on ATS from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, ATS presently has an average rating of “Buy” and a consensus price target of C$49.60.

ATS Price Performance

The business’s 50 day moving average is C$41.40 and its two-hundred day moving average is C$39.08. The firm has a market cap of C$3.83 billion, a P/E ratio of 208.00 and a beta of 0.87.

ATS (TSE:ATS) last issued its quarterly earnings results on Wednesday, February 4th. The company reported C$0.48 EPS for the quarter. ATS had a net margin of 0.67% and a return on equity of 1.09%. The business had revenue of C$760.65 million for the quarter.

Insider Activity at ATS

In other ATS news, insider Doug Wright bought 8,300 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of C$41.44 per share, with a total value of C$343,952.00. Following the completion of the purchase, the insider directly owned 16,900 shares of the company’s stock, valued at approximately C$700,336. This trade represents a 96.51% increase in their position. 0.97% of the stock is currently owned by 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.