ATS Co. (TSE:ATS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ATS Co. (TSE:ATS) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$54.29.

A number of brokerages have issued reports on ATS. Royal Bank of Canada decreased 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 objective on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. TD Securities dropped their price objective on ATS from C$63.00 to C$57.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Raymond James decreased their price target on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th.

ATS Stock Performance

Shares of ATS stock opened at C$43.27 on Friday. ATS has a 52-week low of C$33.47 and a 52-week high of C$60.01. The stock has a market cap of C$4.21 billion, a PE ratio of 23.64 and a beta of 1.36. The firm has a 50-day moving average of C$42.95 and a 200-day moving average of C$41.22.

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.