TD Securities Lowers ATS (TSE:ATS) Price Target to C$56.00

ATS (TSE:ATS) had its target price reduced by investment analysts at TD Securities from C$57.00 to C$56.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 45.99% from the company’s current price.

Several other research analysts also recently issued reports on the company. Stifel Nicolaus lowered their price objective on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. Raymond James lowered their target price on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reduced their price target on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.14.

ATS Trading Down 3.5 %

TSE ATS traded down C$1.40 during trading on Thursday, hitting C$38.36. 69,370 shares of the company’s stock were exchanged, compared to its average volume of 244,652. The company has a market cap of C$3.73 billion, a PE ratio of 20.96 and a beta of 1.36. ATS has a fifty-two week low of C$33.47 and a fifty-two week high of C$59.46. The stock’s 50 day moving average price is C$42.54 and its two-hundred day moving average price is C$40.78.

ATS (TSE:ATS) last posted its earnings results on Wednesday, November 6th. The company reported C$0.25 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.09). ATS had a return on equity of 11.30% and a net margin of 6.10%. During the same quarter in the prior year, the firm posted $0.63 EPS.

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.