ATS (TSE:ATS) Reaches New 12-Month Low – Time to Sell?

Shares of ATS Co. (TSE:ATS) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as C$24.34 and last traded at C$24.57, with a volume of 139,818 shares trading hands. The stock had previously closed at C$26.50.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Desjardins lowered their price objective on ATS from C$46.00 to C$38.50 and set a “buy” rating on the stock in a research note on Thursday. Scotiabank cut their target price on ATS from C$29.00 to C$27.00 and set a “sector outperform” rating for the company in a research report on Thursday. Raymond James Financial reduced their target price on ATS from C$33.00 to C$29.00 and set an “outperform” rating on the stock in a report on Thursday. TD reduced their target price on ATS from C$33.00 to C$28.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Royal Bank Of Canada decreased their price target on ATS from C$41.00 to C$36.00 and set an “outperform” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, ATS presently has an average rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Price Performance

The firm has a market capitalization of C$2.39 billion, a price-to-earnings ratio of 50.69 and a beta of 0.96. The firm’s 50-day simple moving average is C$26.25 and its 200 day simple moving average is C$36.56.

ATS (TSE:ATS) last released its earnings results on Wednesday, November 4th. The company reported C($0.05) earnings per share for the quarter. ATS had a return on equity of 0.48% and a net margin of 0.30%. The business had revenue of C$665.77 million for the quarter.

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.