ATS Co. (TSE:ATS) Stock Has Average Target Price of C$42.25 According to Analysts

ATS Co. (TSE:ATS) has earned an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$42.25.

Several analysts have recently weighed in on ATS shares. TD downgraded shares of ATS from a “buy” rating to a “hold” rating and decreased their price target for the company from C$49.00 to C$33.00 in a research note on Monday, August 10th. Raymond James Financial dropped their price objective on ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. TD Securities lowered ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. National Bank Financial dropped their price objective on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Finally, Royal Bank Of Canada cut their price objective on shares of ATS from C$50.00 to C$41.00 in a report on Monday, August 10th.

ATS Price Performance

ATS stock opened at C$26.50 on Monday. The company has a market capitalization of C$2.60 billion, a PE ratio of 55.21 and a beta of 1.18. ATS has a 12 month low of C$24.40 and a 12 month high of C$49.48. The firm’s 50-day moving average is C$26.45 and its 200 day moving average is C$35.51.

ATS (TSE:ATS) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company had revenue of C$698.30 million during the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

ATS Company Profile

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.