National Bank Financial Issues Pessimistic Forecast for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its target price reduced by research analysts at National Bank Financial from C$42.00 to C$41.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial‘s target price would suggest a potential upside of 70.83% from the company’s current price.

A number of other equities analysts have also recently weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of ATS from C$44.00 to C$41.00 and set a “buy” rating for the company in a research report on Thursday. Raymond James Financial cut their price target on ATS from C$33.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday. TD Securities downgraded ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Royal Bank Of Canada dropped their price objective on ATS from C$41.00 to C$36.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, TD cut ATS from a “buy” rating to a “hold” rating and reduced their target price for the company from C$49.00 to C$33.00 in a research note on Monday, August 10th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Stock Performance

Shares of TSE:ATS traded down C$0.31 during mid-day trading on Thursday, hitting C$24.00. 257,883 shares of the company traded hands, compared to its average volume of 319,858. The firm’s 50 day simple moving average is C$26.20 and its 200 day simple moving average is C$36.48. The firm has a market cap of C$2.30 billion, a P/E ratio of 266.67 and a beta of 0.96. ATS has a 52-week low of C$23.84 and a 52-week high of C$49.48.

ATS (TSE:ATS) last released its quarterly earnings results 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 return on equity of 0.48% and a net margin of 0.30%.

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.