ATS (TSE:ATS) Price Target Raised to C$48.00 at TD Securities

ATS (TSE:ATS) had its target price hoisted by investment analysts at TD Securities from C$46.00 to C$48.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective points to a potential upside of 19.85% from the stock’s previous close.

ATS has been the subject of a number of other reports. National Bankshares boosted their price objective on ATS from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. Scotiabank raised shares of ATS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat.com, ATS currently has an average rating of “Buy” and an average target price of C$49.00.

ATS Stock Down 1.6%

ATS stock traded down C$0.64 during mid-day trading on Monday, reaching C$40.05. 66,899 shares of the company’s stock were exchanged, compared to its average volume of 166,832. The company has a fifty day moving average of C$38.07 and a 200-day moving average of C$38.50. The company has a market cap of C$3.88 billion, a P/E ratio of -801.00 and a beta of 1.05. ATS has a twelve month low of C$29.81 and a twelve month high of C$44.46.

ATS (TSE:ATS) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$0.45 earnings per share (EPS) for the quarter. ATS had a return on equity of 5.25% and a net margin of 3.24%.The business had revenue of C$728.46 million for the quarter.

About ATS

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.