ATS (TSE:ATS) Price Target Raised to C$57.00 at National Bankshares

ATS (TSE:ATS) had its price target boosted by National Bankshares from C$54.00 to C$57.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price indicates a potential upside of 55.02% from the stock’s previous close.

Separately, Scotiabank upgraded shares of ATS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$48.60.

ATS Stock Performance

Shares of ATS stock traded down C$1.09 during midday trading on Monday, reaching C$36.77. 62,270 shares of the company’s stock traded hands, compared to its average volume of 212,364. The stock has a 50 day moving average of C$36.98 and a 200-day moving average of C$39.04. ATS has a 12 month low of C$29.81 and a 12 month high of C$45.43. The company has a market cap of C$3.56 billion, a PE ratio of -735.40 and a beta of 1.05.

ATS (TSE:ATS) last issued its quarterly earnings data on Wednesday, November 5th. The company reported C$0.45 earnings per share (EPS) for the quarter. ATS had a net margin of 3.24% and a return on equity of 5.25%. The business had revenue of C$728.46 million for the quarter.

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.