ATS (TSE:ATS) Given New C$56.00 Price Target at TD Securities

ATS (TSE:ATS) had its price objective cut by TD Securities from C$57.00 to C$56.00 in a report issued on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Raymond James decreased their price objective on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Royal Bank of Canada decreased their price objective on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Finally, Stifel Nicolaus cut their target price on shares of ATS from C$58.00 to C$52.00 in a research report on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.14.

ATS Stock Down 0.7 %

ATS stock opened at C$39.47 on Thursday. The company’s fifty day simple moving average is C$42.54 and its 200-day simple moving average is C$40.78. ATS has a 12 month low of C$33.47 and a 12 month high of C$59.46. The stock has a market cap of C$3.84 billion, a P/E ratio of 21.57 and a beta of 1.36.

ATS (TSE:ATS) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.09). ATS had a return on equity of 11.30% and a net margin of 6.10%. During the same quarter in the prior year, the firm earned $0.63 earnings per share.

ATS Company Profile

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products.