ATS (TSE:ATS) Price Target Cut to C$56.00 by Analysts at TD Securities

ATS (TSE:ATS) had its target price reduced by stock analysts at TD Securities from C$57.00 to C$56.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 45.99% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus dropped their price target on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. Raymond James cut their price objective on shares of ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada decreased their target price on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$54.14.

ATS Stock Down 3.5 %

Shares of TSE:ATS traded down C$1.40 during midday trading on Thursday, hitting C$38.36. The stock had a trading volume of 69,370 shares, compared to its average volume of 244,652. The business’s 50-day simple moving average is C$42.54 and its 200-day simple moving average is C$40.78. ATS has a 12 month low of C$33.47 and a 12 month high of C$59.46. The company has a market cap of C$3.73 billion, a P/E ratio of 20.96 and a beta of 1.36.

ATS (TSE:ATS) last issued its earnings results on Wednesday, November 6th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.09). ATS had a net margin of 6.10% and a return on equity of 11.30%. During the same quarter last year, the company earned $0.63 earnings per share.

About ATS

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products.