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

by · The Cerbat Gem

ATS (TSE:ATS – Get Free Report) had its price objective cut by equities researchers at Royal Bank Of Canada from C$51.00 to C$50.00 in a research report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 18.60% from the stock’s current price.

Separately, Scotiabank upped 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. Six equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of C$50.17.

Get Our Latest Stock Analysis on ATS

ATS Stock Performance

Shares of ATS traded up C$0.16 during mid-day trading on Friday, hitting C$42.16. 364,304 shares of the company were exchanged, compared to its average volume of 231,453. ATS has a 1-year low of C$33.72 and a 1-year high of C$49.48. The company has a 50 day moving average of C$43.63 and a 200-day moving average of C$40.95. The stock has a market cap of C$4.09 billion, a price-to-earnings ratio of 221.89 and a beta of 0.97.

ATS (TSE:ATS – Get Free Report) last released 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 firm had revenue of C$744.30 million during the quarter.

Insider Transactions at ATS

In other ATS news, insider Doug Wright acquired 8,300 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of C$41.44 per share, with a total value of C$343,952.00. Following the purchase, the insider owned 16,900 shares in the company, valued at approximately C$700,336. The trade was a 96.51% increase in their ownership of the stock. Corporate insiders own 0.97% of the company’s stock.

About ATS

(Get Free Report)

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.

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