TD Securities Cuts ATS (TSE:ATS) Price Target to C$54.00

ATS (TSE:ATS) had its price target reduced by TD Securities from C$58.00 to C$54.00 in a research note released on Monday,BayStreet.CA reports. They currently have a buy rating on the stock.

Separately, Scotiabank set a C$43.00 price target on ATS and gave the company a “hold” rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$50.17.

ATS Price Performance

Shares of ATS stock opened at C$39.24 on Monday. The business has a 50 day simple moving average of C$35.93 and a two-hundred day simple moving average of C$39.76. The stock has a market capitalization of C$3.86 billion, a P/E ratio of 43.23 and a beta of 1.36. ATS has a 12 month low of C$29.81 and a 12 month high of C$48.19.

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.