ATS (TSE:ATS) Stock Rating Upgraded by Desjardins

ATS (TSE:ATS) was upgraded by research analysts at Desjardins to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other analysts have also issued reports on ATS. Royal Bank Of Canada dropped their price objective 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, May 29th. Scotiabank lifted their price objective on shares of ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th. Finally, TD lifted their price objective on shares of ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Seven analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$50.43.

ATS Stock Up 2.0%

ATS opened at C$39.99 on Tuesday. The firm has a market capitalization of C$3.88 billion, a P/E ratio of 54.78 and a beta of 1.20. The firm’s 50 day moving average is C$43.23 and its 200-day moving average is C$41.27. ATS has a 52-week low of C$33.72 and a 52-week high of C$49.48.

ATS (TSE:ATS) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$0.36 earnings per share (EPS) for the quarter. The company had revenue of C$744.30 million for the quarter. ATS had a net margin of 2.41% and a return on equity of 4.08%.

Insider Buying and Selling at ATS

In other news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$41.55, for a total transaction of C$201,185.10. Following the completion of the sale, the insider owned 7,026 shares of the company’s stock, valued at approximately C$291,930.30. This trade represents a 40.80% decrease in their ownership of the stock. 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.