ATS (TSE:ATS) Price Target Lowered to C$56.00 at TD Securities

ATS (TSE:ATS) had its target price cut by equities research analysts at TD Securities from C$57.00 to C$56.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 42.46% from the stock’s previous close.

ATS has been the topic of several other reports. Stifel Nicolaus reduced their target price on ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. Royal Bank of Canada reduced their price objective on ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Finally, Raymond James decreased their target price on ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, ATS currently has an average rating of “Moderate Buy” and a consensus price target of C$54.14.

ATS Stock Performance

Shares of TSE ATS opened at C$39.31 on Thursday. ATS has a 52-week low of C$33.47 and a 52-week high of C$59.46. The business has a fifty day moving average of C$42.51 and a two-hundred day moving average of C$40.74. The stock has a market cap of C$3.82 billion, a PE ratio of 21.48 and a beta of 1.36.

ATS (TSE:ATS) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.09). ATS had a net margin of 6.10% and a return on equity of 11.30%. During the same quarter in the prior year, the company earned $0.63 EPS.

About ATS

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products.