ATS (TSE:ATS) Price Target Lowered to C$33.00 at Raymond James Financial

ATS (TSE:ATS) had its target price dropped by investment analysts at Raymond James Financial from C$46.00 to C$33.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 12.32% from the company’s previous close.

Several other analysts also recently issued reports on the company. TD boosted their price target on ATS from C$48.00 to C$49.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Royal Bank Of Canada decreased 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, May 29th. Scotiabank raised 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 report on Tuesday, April 28th. National Bank Financial dropped their price objective on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Desjardins set a C$52.00 price objective on shares of ATS and gave the company a “buy” rating in a report on Wednesday, June 17th. Eight investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$45.38.

ATS Stock Performance

Shares of ATS stock traded up C$0.69 during midday trading on Friday, hitting C$29.38. 588,697 shares of the company were exchanged, compared to its average volume of 278,962. ATS has a 52 week low of C$28.00 and a 52 week high of C$49.48. The firm has a market capitalization of C$2.85 billion, a P/E ratio of 40.25 and a beta of 1.20. The firm’s 50 day moving average price is C$38.77 and its two-hundred day moving average price is C$41.28.

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

Insider Transactions at ATS

In related news, insider Miroslav Kafedzhiev acquired 4,737 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of C$39.12 per share, with a total value of C$185,311.44. Following the acquisition, the insider directly owned 4,737 shares of the company’s stock, valued at approximately C$185,311.44. The trade was a ∞ increase in their ownership of the stock. Also, insider Jeff Adamson bought 953 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were bought at an average price of C$39.12 per share, with a total value of C$37,281.36. Following the completion of the transaction, the insider owned 6,199 shares in the company, valued at approximately C$242,504.88. This trade represents a 18.17% increase in their position. Over the last three months, insiders acquired 7,311 shares of company stock worth $358,222. Corporate 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.