ATS (TSE:ATS) Price Target Raised to C$48.00

ATS (TSE:ATS) had its price objective raised by TD Securities from C$46.00 to C$48.00 in a report published on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also issued reports on ATS. National Bankshares boosted their price objective on shares of ATS from C$54.00 to C$57.00 and gave the company an “outperform” rating in a report on Monday, December 15th. Scotiabank upgraded shares of ATS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, ATS has an average rating of “Buy” and a consensus target price of C$49.00.

ATS Stock Performance

ATS opened at C$39.25 on Monday. The stock has a market capitalization of C$3.81 billion, a PE ratio of -785.00 and a beta of 1.05. ATS has a one year low of C$29.81 and a one year high of C$44.46. The business’s 50 day moving average price is C$38.35 and its 200 day moving average price is C$38.50.

ATS (TSE:ATS) last posted its earnings results on Wednesday, November 5th. The company reported C$0.45 EPS for the quarter. ATS had a return on equity of 5.25% and a net margin of 3.24%.The company had revenue of C$728.46 million for the quarter.

ATS Company Profile

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. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.