ATS (TSE:ATS) Stock Price Down 3.3% – Time to Sell?

ATS Co. (TSE:ATS) shares fell 3.3% during trading on Friday . The stock traded as low as C$43.02 and last traded at C$43.27. 179,987 shares changed hands during mid-day trading, a decline of 27% from the average session volume of 245,891 shares. The stock had previously closed at C$44.75.

Wall Street Analyst Weigh In

Several analysts have weighed in on ATS shares. Raymond James cut their target price on ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price objective on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. TD Securities lowered their target price on shares of ATS from C$63.00 to C$57.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Stifel Nicolaus decreased their price objective on shares of ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$54.29.

ATS Stock Performance

The firm has a market capitalization of C$4.21 billion, a P/E ratio of 23.64 and a beta of 1.36. The stock has a 50 day moving average of C$42.95 and a two-hundred day moving average of C$41.22.

ATS Company Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.