ATS (TSE:ATS) Price Target Lowered to C$57.00 at TD Securities

ATS (TSE:ATS - Get Free Report) had its price objective lowered by stock analysts at TD Securities from C$63.00 to C$57.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 38.82% from the stock's current price.

A number of other equities research analysts also recently issued reports on ATS. Royal Bank of Canada reduced their price target on ATS from C$52.00 to C$48.00 in a research report on Thursday. Raymond James decreased their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday. Stifel Nicolaus reduced their target price on ATS from C$58.00 to C$52.00 in a report on Thursday. Finally, Cormark decreased their target price on ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$54.29.

ATS Stock Performance

Shares of TSE ATS traded up C$0.63 during trading hours on Friday, hitting C$41.06. The stock had a trading volume of 106,929 shares, compared to its average volume of 244,066. The firm's 50-day moving average price is C$39.46 and its two-hundred day moving average price is C$41.61. ATS has a 52 week low of C$33.47 and a 52 week high of C$60.01. The company has a market capitalization of C$3.99 billion, a P/E ratio of 22.43 and a beta of 1.36.

ATS (TSE:ATS - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing analysts' consensus estimates of C$0.53 by C($0.03). ATS had a net margin of 6.10% and a return on equity of 11.30%. The firm had revenue of C$694.30 million during the quarter, compared to the consensus estimate of C$689.19 million.

About ATS

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.

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