Key Points
- Insider sale: Giuseppe (Joe) Tassone sold 4,842 shares of ATS on June 2 at an average price of C$41.55, totaling about C$201,185. After the sale, he still held 7,026 shares, a 40.8% reduction in his position.
- Stock and valuation: ATS stock was down 2.9% and opened at C$40.18, with a market cap of C$3.90 billion and a P/E ratio of 55.04. The shares have traded between C$33.72 and C$49.48 over the past year.
- Analyst outlook remains positive: Recent analysts kept bullish ratings on ATS, with price targets around C$49 to C$51. Overall, the stock has a consensus Buy rating and an average target price of C$50.17.
ATS Co. (TSE:ATS - Get Free Report) insider Giuseppe (Joe) Tassone sold 4,842 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were 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 of the company's stock, valued at C$291,930.30. This represents a 40.80% decrease in their position.
ATS Stock Down 2.9%
Shares of TSE ATS opened at C$40.18 on Thursday. ATS Co. has a fifty-two week low of C$33.72 and a fifty-two week high of C$49.48. The business has a 50 day moving average price of C$43.53 and a two-hundred day moving average price of C$41.03. The firm has a market cap of C$3.90 billion, a PE ratio of 55.04 and a beta of 1.20.
ATS (TSE:ATS - Get Free Report) last released its earnings results on Thursday, May 28th. The company reported C$0.36 EPS for the quarter. ATS had a return on equity of 4.08% and a net margin of 2.41%.The company had revenue of C$744.30 million during the quarter.
Analyst Upgrades and Downgrades
Several analysts have weighed in on ATS shares. Scotiabank boosted their target price on shares of 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. Royal Bank Of Canada reduced 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 report on Friday, May 29th. Finally, TD lifted their price target on shares of ATS from C$48.00 to C$49.00 and gave the company a "buy" rating in a report on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of C$50.17.
Check Out Our Latest Report on ATS
ATS Company Profile
(
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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