TD Securities Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price objective reduced by TD Securities from C$49.00 to C$46.00 in a report issued on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages also recently commented on ATS. Royal Bank Of Canada decreased their target price on ATS from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Raymond James Financial decreased their target price on ATS from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Scotiabank decreased their target price on ATS from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$47.60.

ATS Stock Performance

TSE:ATS opened at C$39.82 on Monday. The company has a market capitalization of C$3.91 billion, a price-to-earnings ratio of 43.86 and a beta of 1.36. ATS has a one year low of C$29.81 and a one year high of C$46.58. The stock has a 50-day simple moving average of C$41.94 and a 200 day simple moving average of C$39.36.

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.