TD Securities Cuts ATS (TSE:ATS) Price Target to C$56.00

ATS (TSE:ATS - Get Free Report) had its price target cut by equities research analysts at TD Securities from C$57.00 to C$56.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 46.87% from the company's previous close.

Several other research firms have also issued reports on ATS. Raymond James decreased their target price on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. 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. Finally, Royal Bank of Canada cut their target price on shares of ATS from C$52.00 to C$48.00 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. According to data from MarketBeat, ATS has an average rating of "Moderate Buy" and an average target price of C$54.14.

ATS Stock Down 3.0 %

ATS stock traded down C$1.18 during midday trading on Thursday, reaching C$38.13. 300,208 shares of the company's stock traded hands, compared to its average volume of 265,617. The company has a market cap of C$3.71 billion, a price-to-earnings ratio of 20.84 and a beta of 1.36. ATS has a 1-year low of C$33.47 and a 1-year high of C$59.46. The company has a 50-day simple moving average of C$42.43 and a two-hundred day simple moving average of C$40.67.

ATS (TSE:ATS - Get Free Report) last released its earnings results 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 net margin of 6.10% and a return on equity of 11.30%. During the same quarter last year, the company earned $0.63 EPS.

About ATS

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.