Desjardins Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its target price decreased by stock analysts at Desjardins from C$46.00 to C$38.50 in a research note issued on Thursday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s price objective points to a potential upside of 58.70% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. National Bank Financial reduced their price target on ATS from C$42.00 to C$41.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities downgraded ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Raymond James Financial dropped their price objective on ATS from C$33.00 to C$29.00 and set an “outperform” rating on the stock in a report on Thursday. TD cut their price objective on shares of ATS from C$33.00 to C$28.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Stifel Nicolaus reduced their target price 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. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$36.06.

ATS Stock Performance

Shares of TSE:ATS traded down C$0.33 during midday trading on Thursday, hitting C$24.26. 393,372 shares of the stock were exchanged, compared to its average volume of 319,072. ATS has a 52-week low of C$23.84 and a 52-week high of C$49.48. The business’s fifty day simple moving average is C$26.32 and its two-hundred day simple moving average is C$36.65. The company has a market capitalization of C$2.38 billion, a PE ratio of 50.54 and a beta of 0.96.

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

About ATS

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.