ATS (TSE:ATS) Shares Down 1.1% – Time to Sell?

Shares of ATS Co. (TSE:ATS) fell 1.1% during trading on Tuesday . The stock traded as low as C$44.63 and last traded at C$44.71. 293,474 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 247,873 shares. The stock had previously closed at C$45.19.

Wall Street Analysts Forecast Growth

Several research firms have commented on ATS. Stifel Nicolaus decreased their target price on shares of ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. Cormark decreased their price target on shares of ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. Royal Bank of Canada decreased their price target on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Raymond James decreased their price target on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Finally, TD Securities decreased their price target on shares of ATS from C$63.00 to C$57.00 and set a “buy” rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Trading Down 1.1 %

The firm’s 50-day moving average is C$41.68 and its 200 day moving average is C$41.28. The firm has a market capitalization of C$4.35 billion, a price-to-earnings ratio of 24.43 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.