ATS (TSE:ATS) Stock Price Target Cut by National Bank Financial

ATS (TSE:ATS) had its price target reduced by stock analysts at National Bank Financial from C$42.00 to C$41.00 in a research note issued to investors on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial‘s price objective suggests a potential upside of 68.72% from the stock’s current price.

ATS has been the topic of a number of other reports. TD Securities downgraded shares of ATS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. TD cut shares of ATS from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$49.00 to C$33.00 in a research report on Monday, August 10th. Raymond James Financial dropped their price target on shares of ATS from C$33.00 to C$29.00 and set an “outperform” rating for the company in a research note on Thursday. Stifel Nicolaus dropped their price target on shares of ATS from C$44.00 to C$41.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Desjardins cut their price objective on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$36.06.

ATS Price Performance

Shares of ATS stock traded down C$0.29 on Thursday, reaching C$24.30. 381,272 shares of the stock were exchanged, compared to its average volume of 319,049. ATS has a one year low of C$23.84 and a one year high of C$49.48. The stock has a market cap of C$2.38 billion, a PE ratio of 50.62 and a beta of 0.96. The stock has a 50 day moving average price of C$26.32 and a 200 day moving average price of C$36.65.

ATS (TSE:ATS) last posted its quarterly earnings results on Wednesday, November 4th. The company reported C($0.05) earnings per share (EPS) for the quarter. The firm had revenue of C$665.77 million during the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

ATS Company Profile

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.