ATS Co. (TSE:ATS - Get Free Report) was down 3.3% on Friday . The stock traded as low as C$43.02 and last traded at C$43.27. Approximately 179,987 shares changed hands during trading, a decline of 27% from the average daily volume of 245,891 shares. The stock had previously closed at C$44.75.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on ATS shares. Royal Bank of Canada lowered their target price on ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Raymond James dropped their price objective on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. 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. Finally, TD Securities reduced their target price on shares of ATS from C$63.00 to C$57.00 and set a "buy" rating for the company in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$54.29.
Check Out Our Latest Stock Analysis on ATS
ATS Price Performance
The company has a market cap of C$4.21 billion, a PE ratio of 23.64 and a beta of 1.36. The firm's 50 day moving average is C$42.95 and its 200 day moving average is C$41.22.
About ATS
(
Get Free Report)
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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