ATS CORP has seen modest gains this week amid notable company news.
This week, ATS CORP (ATS.TO) experienced a slight uptick in stock price, closing at C$26.81, reflecting a 1.61% increase over the past week. The company has recently made headlines with its participation in the Jefferies Industrials Conference and receiving the Eaton Supplier Excellence Award, which may have contributed to the current market sentiment surrounding the stock.
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ATS CORP
ATS.TO
ATS.TO
ATS CORP
WealthAwesomeMarket cap
$2.63B
P/E
55.9x
52W high
$49.48
52W low
$25.59
1W change
+1.61%
Beta
1.16
Analyst Price Targets
Based on analyst covering ATS
Wall Street analysts forecast ATS stock price to rise 39.1% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$37.76
+39.1% Upside
Current Price
C$27.15
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ATS's historical volatility
30-Day Vol
98.5%
Annualized
90-Day Vol
69.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$22.71
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$25.58 | C$18.21 โ C$35.94 |
| 60 trading days | C$24.10 | C$14.90 โ C$38.98 |
| 90 trading days | C$22.71 | C$12.60 โ C$40.92 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Investors should keep an eye on ATS CORP as it navigates industry recognition and market fluctuations, particularly given its recent performance and technical indicators.
ATS CORP's stock has dropped 29.13% year-to-date.
With a market cap of approximately C$2.66 billion and a profit margin of only 1.6%, ATS CORP faces challenges in demonstrating consistent profitability.
Bull case
The recognition from Eaton as a supplier of excellence could boost ATS's reputation and lead to new contracts, which may positively impact future earnings.
Bear case
Despite the recent recognition, ATS CORP's stock is still down significantly year-to-date. Its high P/E ratio suggests the stock might be overvalued considering its profit margins.
Recent Company News
ATS CORP has made headlines recently for two significant reasons. First, the company announced its participation in the Jefferies Industrials Conference, providing a platform to showcase its capabilities and attract potential investors. Second, ATS was honored with the Eaton Supplier Excellence Award, recognizing its commitment to quality and performance. These accolades may help bolster investor confidence and improve the company's standing in the competitive industrial sector.
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Technical Picture
From a technical standpoint, ATS CORP's stock closed at C$26.81, which is significantly below its 50-day moving average of C$33.72 and 200-day moving average of C$39.17, indicating a bearish trend. The stock has traded within a 52-week range of C$25.59 to C$49.48, currently sitting at about 5% of that range. With a beta of 1.16, the stock shows slightly more volatility compared to the overall market. The latest trading volume was 303,785 shares, slightly below the 20-day average volume of 450,326 shares, suggesting lower trading activity recently.
Insider Activity
No recent insider activity has been reported for ATS CORP, indicating that there have been no significant trades by company executives or board members that might suggest confidence or concern regarding the stockโs future performance.
Market Performance Overview
As of the last close, ATS CORP's stock price stood at C$26.81, reflecting a 1D change of 0.00%. Over the past month, the stock has seen a decline of 8.03%, and the year-to-date performance is down 29.13%. Despite the recent uptick, investors are advised to remain cautious given the overall downward trend in stock price.
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