Royal Bank Of Canada Cuts ATS (TSE:ATS) Price Target to C$41.00

by · The Markets Daily

ATS (TSE:ATS – Free Report) had its price target trimmed by Royal Bank Of Canada from C$50.00 to C$41.00 in a report issued on Monday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. Desjardins lowered their price target on ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a report on Friday, August 7th. Scotiabank raised their price objective on 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. National Bank Financial decreased their target price on ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. TD downgraded ATS from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$49.00 to C$33.00 in a research note on Monday. Finally, Stifel Nicolaus dropped their target price on shares of ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, ATS currently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.25.

Read Our Latest Stock Analysis on ATS

ATS Price Performance

Shares of TSE:ATS opened at C$28.32 on Monday. The company’s 50 day simple moving average is C$37.74 and its 200 day simple moving average is C$40.95. The stock has a market capitalization of C$2.75 billion, a price-to-earnings ratio of 59.00 and a beta of 1.20. ATS has a 1 year low of C$27.36 and a 1 year high of C$49.48.

ATS (TSE:ATS – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%. The business had revenue of C$698.30 million during the quarter.

Insider Activity

In other news, insider Giuseppe (Joe) Tassone sold 4,842 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$41.55, for a total value of C$201,185.10. Following the completion of the transaction, the insider directly owned 7,026 shares in the company, valued at approximately C$291,930.30. This represents a 40.80% decrease in their position. Also, insider Anne Cybulski acquired 289 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were purchased at an average cost of C$289.00 per share, for a total transaction of C$83,521.00. Following the acquisition, the insider owned 876 shares in the company, valued at C$253,164. This represents a 49.23% increase in their ownership of the stock. In the last quarter, insiders have purchased 7,311 shares of company stock valued at $358,222. 0.97% of the stock is currently owned by insiders.

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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