ATS (TSE:ATS) Shares Down 3.3% – Here’s What Happened

ATS Co. (TSE:ATS)’s share price traded down 3.3% during trading on Friday . The company traded as low as C$43.02 and last traded at C$43.27. 179,987 shares traded hands during mid-day trading, a decline of 27% from the average session volume of 245,891 shares. The stock had previously closed at C$44.75.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Royal Bank of Canada dropped their price target on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Raymond James lowered their price objective on ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Stifel Nicolaus dropped their target price on ATS from C$58.00 to C$52.00 in a research report on Thursday, November 7th. Finally, TD Securities reduced their price target on shares of ATS from C$63.00 to C$57.00 and set a “buy” rating for the company in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, ATS currently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Stock Performance

The firm has a market capitalization of C$4.21 billion, a P/E ratio of 23.64 and a beta of 1.36. The firm has a 50 day moving average price of C$42.95 and a two-hundred day moving average price of 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.