ATS Co. (TSE:ATS) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of ATS Co. (TSE:ATS) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$42.25.

ATS has been the subject of a number of analyst reports. National Bank Financial reduced their price target on ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. TD cut ATS from a “buy” rating to a “hold” rating and decreased their target price for the company from C$49.00 to C$33.00 in a research note on Monday, August 10th. TD Securities lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Raymond James Financial decreased their target price on ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Desjardins reduced their price objective on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a research note on Friday, August 7th.

ATS Stock Performance

Shares of TSE ATS opened at C$25.63 on Monday. ATS has a twelve month low of C$24.40 and a twelve month high of C$49.48. The business has a 50 day simple moving average of C$26.39 and a 200-day simple moving average of C$36.89. The company has a market capitalization of C$2.51 billion, a price-to-earnings ratio of 53.40 and a beta of 1.18.

ATS (TSE:ATS) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.35 earnings per share (EPS) for the quarter. The company had revenue of C$698.30 million for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

About ATS

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.