ATS (TSE:ATS) Trading at C$26.74

ATS Co. (TSE:ATS)’s share price was down 0% during mid-day trading on Thursday. The company traded as low as C$26.43 and last traded at C$26.74. 619,446 shares were traded during mid-day trading, an increase of 96% from the average daily volume of 316,355 shares. The stock had previously closed at C$26.75.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ATS shares. Royal Bank Of Canada decreased their target price on shares of ATS from C$50.00 to C$41.00 in a research report on Monday, August 10th. National Bank Financial cut their price target on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. TD downgraded ATS from a “buy” rating to a “hold” rating and reduced 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 lowered their price objective on ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Stifel Nicolaus dropped their target price on ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, ATS currently has a consensus rating of “Moderate Buy” and a consensus price target of C$42.25.

ATS Trading Down 0.9%

The firm has a market capitalization of C$2.60 billion, a PE ratio of 55.21 and a beta of 1.18. The firm’s fifty day moving average price is C$26.45 and its 200 day moving average price is C$35.54.

ATS (TSE:ATS) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. The business had revenue of C$698.30 million for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

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.