ATS (TSE:ATS) Stock Price Target Cut by TD

ATS (TSE:ATS) had its price target lowered by equities researchers at TD from C$33.00 to C$28.00 in a research note issued on Thursday, BayStreet reports. The firm presently has a “hold” rating on the stock. TD‘s target price would suggest a potential upside of 16.67% from the company’s previous close.

ATS has been the topic of several other research reports. National Bank Financial decreased their target price on ATS from C$42.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Thursday. Stifel Nicolaus decreased their price objective on ATS from C$44.00 to C$41.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James Financial lowered their price objective on ATS from C$33.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Thursday. TD Securities downgraded ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada decreased their price target on shares of ATS from C$41.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Thursday. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$36.06.

ATS Trading Down 1.3%

Shares of ATS stock traded down C$0.31 on Thursday, hitting C$24.00. 257,883 shares of the stock were exchanged, compared to its average volume of 319,858. ATS has a fifty-two week low of C$23.84 and a fifty-two week high of C$49.48. The business has a 50-day moving average of C$26.20 and a 200 day moving average of C$36.48. The firm has a market capitalization of C$2.30 billion, a P/E ratio of 266.67 and a beta of 0.96.

ATS (TSE:ATS) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$665.77 million during the quarter. ATS had a net margin of 0.30% and a return on equity of 0.48%.

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.