ATS (TSE:ATS) Shares Down 2.5% – Here’s Why

Shares of ATS Co. (TSE:ATS) were down 2.5% during mid-day trading on Monday . The stock traded as low as C$40.82 and last traded at C$41.02. Approximately 219,543 shares changed hands during trading, a decline of 11% from the average daily volume of 245,871 shares. The stock had previously closed at C$42.06.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Royal Bank of Canada lowered their price target on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Stifel Nicolaus decreased their target price on ATS from C$58.00 to C$52.00 in a research report on Thursday, November 7th. Raymond James cut their price target on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Finally, TD Securities increased their price objective on shares of ATS from C$56.00 to C$58.00 and gave the company a “buy” rating in a report on Friday, February 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$52.67.

ATS Stock Down 2.5 %

The company has a 50-day moving average of C$41.15 and a 200 day moving average of C$40.59. The stock has a market capitalization of C$4.03 billion, a PE ratio of 45.19 and a beta of 1.36.

About ATS

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.