ATS (TSE:ATS) Price Target Lowered to C$50.00 at Royal Bank Of Canada

ATS (TSE:ATS) had its price objective lowered by analysts at Royal Bank Of Canada from C$51.00 to C$50.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 18.60% from the stock’s current price.

Separately, Scotiabank increased their price target 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. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat, ATS currently has a consensus rating of “Buy” and an average price target of C$50.17.

ATS Price Performance

TSE ATS traded up C$0.16 during trading hours on Friday, hitting C$42.16. 364,304 shares of the company’s stock traded hands, compared to its average volume of 231,453. ATS has a 52-week low of C$33.72 and a 52-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. The firm’s 50-day moving average is C$43.63 and its 200-day moving average is C$40.95.

ATS (TSE:ATS) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$0.36 earnings per share 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$744.30 million during the quarter.

Insider Buying and Selling at ATS

In other news, insider Doug Wright purchased 8,300 shares of the company’s stock in a transaction dated 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 purchase, the insider directly owned 16,900 shares in the company, valued at approximately C$700,336. This represents a 96.51% increase in their position. 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.