ATS Co. (TSE:ATS) Receives C$54.29 Average Price Target from Brokerages

Shares of ATS Co. (TSE:ATS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$54.29.

ATS has been the topic of a number of recent research reports. Raymond James decreased their price target on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Royal Bank of Canada lowered their target price on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Stifel Nicolaus dropped their price target on shares of ATS from C$58.00 to C$52.00 in a research report on Thursday, November 7th. Finally, TD Securities decreased their price objective on ATS from C$63.00 to C$57.00 and set a “buy” rating on the stock in a report on Friday, November 8th.

ATS Trading Down 1.7 %

Shares of TSE:ATS opened at C$43.58 on Friday. The business’s 50 day moving average is C$43.02 and its 200-day moving average is C$41.20. The firm has a market capitalization of C$4.24 billion, a PE ratio of 23.81 and a beta of 1.36. ATS has a 1-year low of C$33.47 and a 1-year high of C$60.01.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.