ATS (TSE:ATS) Price Target Cut to C$45.00 by Analysts at Scotiabank

ATS (TSE:ATS) had its price objective trimmed by Scotiabank from C$46.00 to C$45.00 in a report published on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other brokerages have also recently commented on ATS. Raymond James Financial lowered their target price on ATS from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. TD Securities lowered their target price on ATS from C$58.00 to C$54.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Finally, Royal Bank Of Canada lowered their target price on ATS from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, ATS presently has an average rating of “Moderate Buy” and a consensus target price of C$47.60.

ATS Stock Performance

Shares of TSE:ATS opened at C$39.82 on Monday. The business’s fifty day moving average price is C$41.94 and its two-hundred day moving average price is C$39.36. The stock has a market cap of C$3.91 billion, a PE ratio of 43.86 and a beta of 1.36. ATS has a one year low of C$29.81 and a one year high of C$46.58.

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.