ATS (TSE:ATS) Trading Down 1.1% – Time to Sell?

ATS Co. (TSE:ATS) dropped 1.1% on Tuesday . The stock traded as low as C$44.63 and last traded at C$44.71. Approximately 293,474 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 247,873 shares. The stock had previously closed at C$45.19.

Wall Street Analysts Forecast Growth

ATS has been the topic of several analyst reports. Stifel Nicolaus cut their price objective on shares of ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. TD Securities lowered their price objective on shares of 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. Cormark decreased their target price on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Royal Bank of Canada decreased their target price on shares of ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Finally, Raymond James decreased their target price on shares of ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, ATS currently has a consensus rating of “Moderate Buy” and an average price target of C$54.29.

ATS Trading Down 1.1 %

The business’s 50 day moving average price is C$41.68 and its 200-day moving average price is C$41.28. The company has a market cap of C$4.35 billion, a price-to-earnings ratio of 24.43 and a beta of 1.36.

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.