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

Shares of ATS Co. (TSE:ATS) have received an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$42.25.

Several research firms recently commented on ATS. National Bank Financial cut their price objective on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Desjardins cut 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 report on Friday, August 7th. Stifel Nicolaus reduced their target price on ATS from C$52.00 to C$44.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Raymond James Financial decreased their price target on shares of 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, Royal Bank Of Canada reduced their price objective on ATS from C$50.00 to C$41.00 in a research report on Monday, August 10th.

ATS Stock Down 2.3%

ATS opened at C$25.37 on Thursday. ATS has a twelve month low of C$25.07 and a twelve month high of C$49.48. The company’s 50-day moving average price is C$28.10 and its two-hundred day moving average price is C$36.74. The stock has a market cap of C$2.49 billion, a price-to-earnings ratio of 52.85 and a beta of 1.18.

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

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. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.