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

ATS (TSE:ATS) had its price objective lowered by TD from C$33.00 to C$28.00 in a report released on Thursday, BayStreet reports. The brokerage presently has a “hold” rating on the stock. TD‘s target price suggests a potential upside of 15.42% from the stock’s previous close.

ATS has been the topic of a number of other reports. Desjardins cut their price objective on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD Securities lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Raymond James Financial decreased their target price 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. Royal Bank Of Canada lowered their target price 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. Finally, National Bank Financial dropped their price target on shares of ATS from C$42.00 to C$41.00 and set an “outperform” rating on the stock in a research report on Thursday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$36.06.

ATS Price Performance

ATS stock traded down C$0.33 on Thursday, reaching C$24.26. The company’s stock had a trading volume of 393,372 shares, compared to its average volume of 319,072. ATS has a 52 week low of C$23.84 and a 52 week high of C$49.48. The company has a market capitalization of C$2.38 billion, a P/E ratio of 50.54 and a beta of 0.96. The firm has a fifty day moving average of C$26.32 and a two-hundred day moving average of C$36.65.

ATS (TSE:ATS) last announced its quarterly earnings results on Wednesday, November 4th. The company reported C($0.05) 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$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.