
TSE:ATS
This summary was created by AI, based on 5 opinions in the last 12 months.
ATS Automation Tooling Systems (ATS-T) has garnered attention from experts for its compelling position in the automation sector, particularly in light of current trends like reshoring and labor scarcity. Despite experiencing some volatility, recent earnings reports indicate that the company's revenue has surpassed expectations, although bookings have shown signs of softening. Many analysts see potential for growth, with price targets hovering around $49-$50 and an upside of approximately 10% to 25%. While some concerns were raised regarding short-term growth and recent leadership changes, the overall sentiment remains positive, highlighting sustainable profitability and a strong project pipeline. The consensus reflects a belief that ATS Automation remains a robust investment opportunity for the coming months.
Feels the stock can go up over $20. Had major problems because of their solar divisions. Air France operation is now done with and they are dealing with their Ontario operation. Have a good backlog. The Ontario economy recovery is key because of what they have to do with the automotive/airplane sector, etc.
Chart shows a very long sideways contained movement between $5.40 and $8, followed by a gigantic upward move in early 2012. It is now again back into a mega long-term sideways cycle. Old resistance levels of around $7.70 is now the new support. As a trader, you should Buy at around the $7 - $7.70 mark and Sell around the top at around $9. There’s no sign of it breaking out to the upside, it is a Trader.
27 of 740 stocks in his database. Streamlining the company and working to get rid of solar side of business. Rather than making things that make things, they are trying to participate in the value add of the things they make. Looking at providing service rather than it being a one-time sale. He likes it. Backlogs are interesting. Good opportunity for the stock.