ATS (TSE:ATS) Sets New 12-Month Low – Here’s Why

ATS Co. (TSE:ATS)’s share price reached a new 52-week low on Wednesday. The stock traded as low as C$24.34 and last traded at C$24.57, with a volume of 139,818 shares traded. The stock had previously closed at C$26.50.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATS. TD cut ATS from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$49.00 to C$33.00 in a research note on Monday, August 10th. Raymond James Financial lowered their target price on ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. TD Securities cut ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. National Bank Financial reduced their price target on ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Finally, Royal Bank Of Canada decreased their price target on ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, ATS presently has an average rating of “Moderate Buy” and an average price target of C$42.25.

ATS Price Performance

The stock has a market capitalization of C$2.40 billion, a PE ratio of 50.92 and a beta of 0.96. The company has a 50 day moving average price of C$26.37 and a 200-day moving average price of C$36.74.

ATS (TSE:ATS) last posted its earnings results on Wednesday, November 4th. The company reported C($0.05) EPS for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%. The company had revenue of C$665.77 million during the quarter.

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.