ATS (TSE:ATS) Stock Gets Price Target Reduction from Scotiabank

ATS (TSE:ATS) had its price target lowered by equities researchers at Scotiabank from C$29.00 to C$27.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank‘s price target would suggest a potential upside of 11.29% from the stock’s previous close.

ATS has been the subject of a number of other reports. TD dropped their target price on shares of ATS from C$33.00 to C$28.00 and set a “hold” rating for the company in a research note on Thursday. Desjardins reduced their target price on shares of ATS from C$46.00 to C$38.50 and set a “buy” rating on the stock in a research report on Thursday. Raymond James Financial decreased their price target on shares of ATS from C$33.00 to C$29.00 and set an “outperform” rating on the stock in a research note on Thursday. Royal Bank Of Canada lowered their price target on shares of ATS from C$41.00 to C$36.00 and set an “outperform” rating for the company in a report on Thursday. Finally, National Bank Financial dropped their price objective on shares of ATS from C$42.00 to C$41.00 and set an “outperform” rating for the company in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Stock Performance

ATS stock traded down C$0.33 on Thursday, reaching C$24.26. The company’s stock had a trading volume of 393,372 shares, compared to its average volume of 319,072. The business’s fifty day moving average price is C$26.32 and its 200 day moving average price is C$36.65. The company has a market cap of C$2.38 billion, a price-to-earnings ratio of 50.54 and a beta of 0.96. ATS has a twelve month low of C$23.84 and a twelve month high of C$49.48.

ATS (TSE:ATS) last issued its quarterly earnings results on Wednesday, November 4th. The company reported C($0.05) earnings per share (EPS) for the quarter. The company had revenue of C$665.77 million for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%.

About ATS

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.