ATS Co. (TSE:ATS) Stock Rated “Moderate Buy” by Sell-Side Analysts

ATS Co. (TSE:ATS) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$42.25.

ATS has been the topic of several research analyst reports. TD cut shares of ATS from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$49.00 to C$33.00 in a research note on Monday, August 10th. Raymond James Financial reduced their target price on ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. TD Securities downgraded ATS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Stifel Nicolaus dropped their price target on ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Finally, Desjardins cut their price target on ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a report on Friday, August 7th.

ATS Stock Performance

ATS opened at C$26.41 on Thursday. The stock has a market cap of C$2.59 billion, a price-to-earnings ratio of 55.02 and a beta of 1.18. The firm’s fifty day moving average is C$28.59 and its 200 day moving average is C$36.99. ATS has a fifty-two week low of C$25.30 and a fifty-two week high of C$49.48.

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

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. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.