ATS (TSE:ATS) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

ATS Co. (TSE:ATS) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of C$26.37 and traded as high as C$27.01. ATS shares last traded at C$26.45, with a volume of 494,666 shares traded.

Wall Street Analyst Weigh In

Several research firms have recently commented on ATS. Raymond James Financial lowered their target price on ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a report on Friday, August 7th. TD downgraded ATS from a “buy” rating to a “hold” rating and cut their price target for the stock from C$49.00 to C$33.00 in a report on Monday, August 10th. National Bank Financial reduced their price objective on ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Stifel Nicolaus reduced their price objective on ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Finally, Desjardins lowered their price objective on ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a research note on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

ATS Stock Performance

The firm has a 50 day moving average of C$26.37 and a 200-day moving average of C$36.81. The stock has a market capitalization of C$2.60 billion, a PE ratio of 55.10 and a beta of 1.18.

ATS (TSE:ATS) last announced its quarterly earnings data 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 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.