RBC Capital Believes ATS Corporation (ATS) Won’t Stop Here

On June 12, an analyst has provided a rating update for the Industrial Goods sector company, ATS Corporation (ATSResearch Report). Analyst Sabahat Khan from RBC Capital reiterated a Buy rating, with a C$69.00 price target on June 12.

According to TipRanks.com, Khan is a 3-star analyst with an average return of 2.8% and a 47.4% success rate. Khan covers the Industrial Goods sector, focusing on stocks such as Boyd Group Services, Jacobs Engineering, and SNC-Lavalin Group.

ATS Corporation has an analyst consensus of Strong Buy, with a price target consensus of C$73.70, implying a 24.8% upside from current levels. In a report issued on June 13, National Bank also initiated coverage with a Buy rating on the stock with a $65.00 price target.

ATS Corporation’s market cap is currently C$5.33B and has a P/E ratio of 42.31.

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. The company’s clients primarily come from the life sciences, transportation, consumer products and electronics, and energy sectors. The company generates the majority of its sales from the North American and European markets.

The company’s shares closed last Wednesday at C$58.20, close to its 52-week high of C$62.98.

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