ATS (TSE:ATS) Price Target Lowered to C$46.00 at Desjardins

ATS (TSE:ATS) had its target price reduced by Desjardins from C$52.00 to C$46.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on the company. TD increased their target price on ATS from C$48.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Raymond James Financial reduced their price target on ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research report on Friday. Royal Bank Of Canada decreased their price objective on 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. National Bank Financial cut their target price on ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Scotiabank lifted their target price on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a report on Tuesday, April 28th. Eight investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$45.38.

ATS Trading Up 2.9%

Shares of ATS stock opened at C$29.52 on Friday. The stock has a market capitalization of C$2.86 billion, a P/E ratio of 61.50 and a beta of 1.20. The firm’s 50 day moving average is C$38.51 and its 200 day moving average is C$41.20. ATS has a 12 month low of C$28.00 and a 12 month high of C$49.48.

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

Insider Buying and Selling

In other ATS news, insider Miroslav Kafedzhiev acquired 4,737 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average price of C$39.12 per share, for a total transaction of C$185,311.44. Following the completion of the transaction, the insider owned 4,737 shares of the company’s stock, valued at approximately C$185,311.44. This represents a ∞ increase in their position. Also, insider Angella Alexander acquired 915 shares of the company’s stock in a transaction that occurred 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 purchase, the insider directly owned 2,207 shares of the company’s stock, valued at C$86,337.84. This trade represents a 70.82% increase in their position. Insiders have bought a total of 7,311 shares of company stock valued at $358,222 in the last ninety days. 0.97% of the stock is owned by insiders.

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.