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

Shares of ATS Co. (TSE:ATS) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$54.29.

ATS has been the topic of several analyst reports. Royal Bank of Canada lowered their target price on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Raymond James lowered their target price on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. TD Securities lowered their target price on ATS from C$63.00 to C$57.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, Stifel Nicolaus lowered their target price on ATS from C$58.00 to C$52.00 in a research report on Thursday, November 7th.

ATS Trading Down 1.2 %

Shares of TSE ATS opened at C$44.58 on Wednesday. ATS has a 12-month low of C$33.47 and a 12-month high of C$60.01. The company has a market cap of C$4.33 billion, a price-to-earnings ratio of 24.28 and a beta of 1.36. The stock’s 50 day simple moving average is C$42.13 and its 200 day simple moving average is C$41.25.

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.