ATS (TSE:ATS) Stock Price Down 1.1% - What's Next?

ATS Co. (TSE:ATS - Get Free Report)'s stock price dropped 1.1% on Tuesday . The company traded as low as C$44.63 and last traded at C$44.71. Approximately 293,474 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 247,873 shares. The stock had previously closed at C$45.19.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATS. Royal Bank of Canada cut their price objective on ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Raymond James lowered their price objective 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. Cormark reduced their price objective on ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. Finally, TD Securities lowered their target price on ATS from C$63.00 to C$57.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$54.29.

ATS Price Performance

The stock has a market cap of C$4.39 billion, a price-to-earnings ratio of 24.43 and a beta of 1.36. The business has a fifty day moving average of C$41.68 and a 200 day moving average of C$41.28.

ATS Company Profile

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.