Scotiabank Cuts ATS (TSE:ATS) Price Target to C$54.00

ATS (TSE:ATSFree Report) had its price target reduced by Scotiabank from C$61.00 to C$54.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently commented on ATS. Royal Bank of Canada restated an outperform rating and issued a C$65.00 target price on shares of ATS in a research report on Monday, February 5th. Stifel Nicolaus restated a buy rating and issued a C$68.00 target price (down previously from C$73.00) on shares of ATS in a research report on Tuesday, April 16th. TD Securities dropped their price objective on ATS from C$70.00 to C$67.00 and set a buy rating for the company in a research note on Friday, February 9th. National Bankshares dropped their price objective on ATS from C$69.00 to C$65.00 and set an outperform rating for the company in a research note on Thursday, February 8th. Finally, Cormark dropped their price objective on ATS from C$68.00 to C$67.00 in a research note on Thursday, February 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of C$62.00.

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ATS Stock Up 1.0 %

TSE:ATS opened at C$47.51 on Friday. ATS has a 52 week low of C$41.12 and a 52 week high of C$64.80. The company has a market capitalization of C$4.67 billion, a P/E ratio of 28.97 and a beta of 1.45. The stock’s fifty day moving average is C$45.75 and its two-hundred day moving average is C$51.33.

ATS Company Profile

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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.

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