Brokerages Set ATS Co. (TSE:ATS) PT at C$54.29

Shares of ATS Co. (TSE:ATS) have earned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$54.29.

A number of analysts have issued reports on the company. TD Securities cut their target price on 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. Cormark cut their target price on ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. Raymond James cut their target price on ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Royal Bank of Canada cut their target price on ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Finally, Stifel Nicolaus cut their target price on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th.

ATS Stock Performance

TSE ATS opened at C$41.07 on Friday. The business has a fifty day moving average price of C$39.79 and a 200 day moving average price of C$41.53. ATS has a one year low of C$33.47 and a one year high of C$60.01. The company has a market cap of C$3.99 billion, a P/E ratio of 21.63 and a beta of 1.36.

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.