TD Securities Issues Pessimistic Forecast for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price objective lowered by stock analysts at TD Securities from C$57.00 to C$56.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 42.46% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Raymond James cut their price objective on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Stifel Nicolaus cut their price target on ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. Finally, Royal Bank of Canada reduced their price objective on 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 given a buy rating to the company. According to MarketBeat.com, ATS currently has a consensus rating of “Moderate Buy” and an average target price of C$54.14.

ATS Stock Down 0.4 %

Shares of ATS stock opened at C$39.31 on Thursday. ATS has a 12-month low of C$33.47 and a 12-month high of C$59.46. The stock has a market capitalization of C$3.82 billion, a P/E ratio of 21.48 and a beta of 1.36. The stock has a 50 day moving average price of C$42.51 and a two-hundred day moving average price of C$40.74.

ATS (TSE:ATS) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.09). ATS had a return on equity of 11.30% and a net margin of 6.10%. During the same quarter in the prior year, the company earned $0.63 EPS.

ATS Company Profile

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.