ATS (TSE:ATS) Given New C$44.00 Price Target at Stifel Nicolaus

ATS (TSE:ATS) had its target price decreased by Stifel Nicolaus from C$52.00 to C$44.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts also recently weighed in on ATS. TD upped their target price on ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Desjardins dropped their price target on ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research report on Friday. Scotiabank upped their price target on ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, April 28th. Raymond James Financial reduced their price target on ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, National Bank Financial lowered their price objective on ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday. Eight research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$45.38.

ATS Price Performance

Shares of TSE ATS opened at C$29.52 on Friday. ATS has a 1 year low of C$28.00 and a 1 year high of C$49.48. The company’s 50-day moving average is C$38.51 and its 200 day moving average is C$41.20. The stock has a market capitalization of C$2.86 billion, a P/E ratio of 61.50 and a beta of 1.20.

ATS (TSE:ATS) last released its quarterly earnings results 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 company had revenue of C$698.30 million during the quarter.

Insiders Place Their Bets

In related news, insider Angella Alexander bought 915 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of C$39.12 per share, with a total value of C$35,794.80. Following the completion of the acquisition, the insider owned 2,207 shares of the company’s stock, valued at C$86,337.84. The trade was a 70.82% increase in their position. Also, insider Anne Cybulski bought 289 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of C$289.00 per share, for a total transaction of C$83,521.00. Following the completion of the purchase, the insider owned 876 shares of the company’s stock, valued at approximately C$253,164. The trade was a 49.23% increase in their position. In the last ninety days, insiders purchased 7,311 shares of company stock valued at $358,222. Company insiders own 0.97% of the company’s stock.

Trending Headlines about ATS

Here are the key news stories impacting ATS this week:

• Positive Sentiment: Desjardins maintained a buy rating while lowering its target to C$46 from C$52, implying approximately 56.5% upside from C$29.39. BayStreet.CA analyst ratings
• Positive Sentiment: Stifel Nicolaus also kept a buy rating and set a C$44 target, representing roughly 49.7% potential upside. BayStreet.CA analyst ratings
• Positive Sentiment: Raymond James retained an outperform rating with a C$33 target, while National Bank Financial maintained outperform and set a C$42 target. These targets imply more limited and substantial upside, respectively. BayStreet.CA analyst ratings
• Neutral Sentiment: ATS reported quarterly revenue of C$698.3 million and earnings of C$0.35 per share. Its 2.41% net margin and 4.08% return on equity indicate profitability remains relatively modest. ATS quarterly earnings
• Negative Sentiment: The broad target reductions—from prior targets as high as C$57—signal that analysts have tempered their earnings or valuation assumptions. The stock also remains well below its 50-day and 200-day moving averages and near its 1-year low, highlighting continued investor concerns despite the bullish ratings.

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.