ATS (TSE:ATS) Stock Price Target Lowered at Royal Bank Of Canada

ATS (TSE:ATS) had its target price cut by stock analysts at Royal Bank Of Canada from C$41.00 to C$36.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target points to a potential upside of 48.15% from the company’s previous close.

ATS has been the topic of several other reports. Desjardins lowered their price target on 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 dropped their price objective on 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. TD Securities lowered ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. TD lowered ATS from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$49.00 to C$33.00 in a report on Monday, August 10th. Finally, Stifel Nicolaus dropped their price target on shares of ATS from C$44.00 to C$41.00 and set a “buy” rating on the stock in a research report on Thursday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, ATS currently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Price Performance

Shares of TSE ATS traded down C$0.29 during mid-day trading on Thursday, reaching C$24.30. 381,272 shares of the company traded hands, compared to its average volume of 319,049. ATS has a fifty-two week low of C$23.84 and a fifty-two week high of C$49.48. The firm has a market cap of C$2.38 billion, a PE ratio of 50.62 and a beta of 0.96. The stock has a fifty day simple moving average of C$26.32 and a 200-day simple moving average of C$36.65.

ATS (TSE:ATS) last announced its earnings results on Wednesday, November 4th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$665.77 million for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%.

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.