ATS (TSE:ATS) Stock Price Target Lowered at TD

ATS (TSE:ATS) had its price objective lowered by investment analysts at TD from C$33.00 to C$28.00 in a report issued on Thursday, BayStreet reports. The firm currently has a “hold” rating on the stock. TD‘s price objective points to a potential upside of 15.42% from the stock’s current price.

Several other research firms have also commented on ATS. Raymond James Financial decreased their price target on shares of ATS from C$33.00 to C$29.00 and set an “outperform” rating for the company in a report on Thursday. Royal Bank Of Canada dropped their price objective on shares of ATS from C$41.00 to C$36.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities cut shares of ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Stifel Nicolaus decreased their target price on ATS from C$44.00 to C$41.00 and set a “buy” rating for the company in a research note on Thursday. Finally, National Bank Financial decreased their target price on ATS from C$42.00 to C$41.00 and set an “outperform” rating for the company in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$36.06.

ATS Price Performance

Shares of ATS stock traded down C$0.33 on Thursday, hitting C$24.26. 393,372 shares of the stock traded hands, compared to its average volume of 319,072. The company has a market capitalization of C$2.38 billion, a PE ratio of 50.54 and a beta of 0.96. ATS has a 1-year low of C$23.84 and a 1-year high of C$49.48. The company’s fifty day moving average is C$26.32 and its 200 day moving average is C$36.65.

ATS (TSE:ATS) last released its quarterly earnings data on Wednesday, November 4th. The company reported C($0.05) 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$665.77 million during the quarter.

About ATS

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.