TD Securities Cuts ATS (TSE:ATS) Price Target to C$57.00

ATS (TSE:ATS) had its price target trimmed by TD Securities from C$63.00 to C$57.00 in a report published on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on the company. Stifel Nicolaus reduced their price objective on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. Cormark decreased their price target on ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. Royal Bank of Canada dropped their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Finally, Raymond James reduced their target price on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, ATS presently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Price Performance

ATS opened at C$40.14 on Friday. The stock has a market capitalization of C$3.90 billion, a price-to-earnings ratio of 21.93 and a beta of 1.36. The business has a fifty day moving average price of C$39.62 and a 200 day moving average price of C$41.57. ATS has a 12 month low of C$33.47 and a 12 month high of C$60.01.

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.