ATS (TSE:ATS) Trading 2% Higher – Here’s What Happened

ATS Co. (TSE:ATS) shares traded up 2% during mid-day trading on Monday . The company traded as high as C$39.23 and last traded at C$39.07. 80,021 shares changed hands during trading, a decline of 67% from the average session volume of 244,235 shares. The stock had previously closed at C$38.31.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ATS. Stifel Nicolaus lowered their price objective on shares of ATS from C$58.00 to C$52.00 in a research report on Thursday, November 7th. Raymond James decreased their target price on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. TD Securities dropped their price objective on ATS from C$63.00 to C$57.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Royal Bank of Canada cut their target price on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$54.29.

ATS Price Performance

The business’s fifty day moving average price is C$42.60 and its 200-day moving average price is C$40.97. The stock has a market capitalization of C$3.80 billion, a PE ratio of 21.35 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.