ATS Co. (TSE:ATS) Receives Average Recommendation of “Moderate Buy” from Brokerages

ATS Co. (TSE:ATS) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$54.29.

Several equities analysts recently commented on ATS shares. Royal Bank of Canada reduced their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Raymond James lowered their price objective on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Stifel Nicolaus decreased their target price on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. Finally, TD Securities dropped their price target on ATS from C$63.00 to C$57.00 and set a “buy” rating for the company in a research report on Friday, November 8th.

ATS Trading Down 2.8 %

Shares of ATS stock opened at C$44.70 on Wednesday. ATS has a 12 month low of C$33.47 and a 12 month high of C$60.01. The stock has a market capitalization of C$4.34 billion, a P/E ratio of 24.43 and a beta of 1.36. The firm’s 50 day moving average is C$42.01 and its 200 day moving average is C$41.23.

ATS Company Profile

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.