ATS (TSE:ATS) Price Target Lowered to C$56.00 at TD Securities

ATS (TSE:ATS) had its target price trimmed by TD Securities from C$57.00 to C$56.00 in a research report released on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

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

ATS Trading Down 0.7 %

Shares of ATS stock opened at C$39.47 on Thursday. The stock has a market capitalization of C$3.84 billion, a price-to-earnings ratio of 21.57 and a beta of 1.36. ATS has a 1-year low of C$33.47 and a 1-year high of C$59.46. The firm’s 50-day moving average price is C$42.54 and its two-hundred day moving average price is C$40.78.

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

ATS Company Profile

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.