ATS (TSE:ATS) Lowered to “Hold” Rating by TD

ATS (TSE:ATS) was downgraded by equities research analysts at TD from a “buy” rating to a “hold” rating in a research report issued on Monday,BayStreet.CA reports. They currently have a C$33.00 target price on the stock, down from their prior target price of C$49.00. TD’s price objective suggests a potential upside of 18.83% from the company’s previous close.

ATS has been the topic of several other reports. Stifel Nicolaus dropped their target price on ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a report on Friday. Raymond James Financial lowered their price target on ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research report on Friday. National Bank Financial dropped their price target on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Friday. Desjardins cut their price objective on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada reduced their price objective on shares of ATS from C$51.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday, May 29th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$42.25.

ATS Stock Down 5.9%

Shares of ATS stock traded down C$1.75 during trading hours on Monday, hitting C$27.77. 586,609 shares of the company’s stock traded hands, compared to its average volume of 283,603. The stock’s fifty day simple moving average is C$38.51 and its two-hundred day simple moving average is C$41.20. ATS has a 12-month low of C$27.44 and a 12-month high of C$49.48. The stock has a market cap of C$2.69 billion, a price-to-earnings ratio of 57.85 and a beta of 1.20.

ATS (TSE:ATS) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. The firm had revenue of C$698.30 million for the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.

Insider Transactions at ATS

In related news, insider Jeff Adamson acquired 953 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average price of C$39.12 per share, for a total transaction of C$37,281.36. Following the completion of the transaction, the insider directly owned 6,199 shares in the company, valued at approximately C$242,504.88. This trade represents a 18.17% increase in their ownership of the stock. Also, insider Anne Cybulski bought 289 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of C$289.00 per share, for a total transaction of C$83,521.00. Following the acquisition, the insider directly owned 876 shares of the company’s stock, valued at C$253,164. The trade was a 49.23% increase in their position. Over the last three months, insiders purchased 7,311 shares of company stock valued at $358,222. Company 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.