Raymond James Financial Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price target dropped by analysts at Raymond James Financial from C$33.00 to C$29.00 in a research note issued on Thursday, BayStreet reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial‘s price target suggests a potential upside of 20.83% from the company’s current price.

A number of other research analysts also recently issued reports on ATS. Desjardins dropped their price target on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. National Bank Financial decreased their price target on ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a report on Friday, August 7th. TD Securities lowered ATS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. TD downgraded ATS from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$49.00 to C$33.00 in a research note on Monday, August 10th. Finally, Royal Bank Of Canada decreased their target price on ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$36.06.

ATS Stock Down 1.3%

TSE ATS traded down C$0.31 on Thursday, hitting C$24.00. The company’s stock had a trading volume of 257,883 shares, compared to its average volume of 319,858. ATS has a 1-year low of C$23.84 and a 1-year high of C$49.48. The company’s 50-day moving average is C$26.20 and its 200 day moving average is C$36.48. The firm has a market cap of C$2.30 billion, a PE ratio of 266.67 and a beta of 0.96.

ATS (TSE:ATS) last posted its quarterly earnings data on Wednesday, November 4th. The company reported C($0.05) earnings per share for the quarter. The company had revenue of C$665.77 million during the quarter. ATS had a net margin of 0.30% and a return on equity of 0.48%.

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.