Desjardins Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its target price reduced by research analysts at Desjardins from C$46.00 to C$38.50 in a note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Desjardins‘s target price would suggest a potential upside of 60.42% from the company’s current price.

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

ATS Stock Down 1.3%

Shares of ATS stock traded down C$0.31 on Thursday, reaching C$24.00. The company’s stock had a trading volume of 257,883 shares, compared to its average volume of 319,858. The firm’s fifty day simple moving average is C$26.20 and its two-hundred day simple moving average is C$36.48. The company has a market capitalization of C$2.30 billion, a price-to-earnings 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 data on Wednesday, November 4th. The company reported C($0.05) earnings per share for the quarter. ATS had a net margin of 0.30% and a return on equity of 0.48%. The company had revenue of C$665.77 million for 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.