ATS (TSE:ATS) Shares Down 2.5% - Should You Sell?

ATS Co. (TSE:ATS - Get Free Report) shares were down 2.5% on Monday . The company traded as low as C$40.82 and last traded at C$41.02. Approximately 219,543 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 245,871 shares. The stock had previously closed at C$42.06.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ATS shares. Royal Bank of Canada dropped their target price on shares of ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Stifel Nicolaus lowered their price target on ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. Raymond James decreased their price objective on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Finally, TD Securities boosted their price target on ATS from C$56.00 to C$58.00 and gave the company a "buy" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$52.67.

ATS Stock Up 1.9 %

The stock has a market capitalization of C$3.82 billion, a price-to-earnings ratio of 42.85 and a beta of 1.36. The stock's 50-day simple moving average is C$40.83 and its 200 day simple moving average is C$40.65.

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.