Raymond James Financial Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price target decreased by investment analysts at Raymond James Financial from C$33.00 to C$29.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s target price would indicate a potential upside of 19.34% from the company’s current price.

A number of other research analysts have also recently commented on the stock. TD cut shares of ATS from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$49.00 to C$33.00 in a research report on Monday, August 10th. Stifel Nicolaus lowered their price target on shares of ATS from C$44.00 to C$41.00 and set a “buy” rating for the company in a report on Thursday. National Bank Financial lowered their price target 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. Royal Bank Of Canada dropped their price target on shares of ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. Finally, TD Securities lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Stock Performance

Shares of TSE:ATS traded down C$0.29 during mid-day trading on Thursday, hitting C$24.30. 381,272 shares of the company traded hands, compared to its average volume of 319,049. The firm’s 50 day simple moving average is C$26.32 and its 200 day simple moving average is C$36.65. The firm has a market cap of C$2.38 billion, a P/E ratio of 50.62 and a beta of 0.96. ATS has a 52-week low of C$23.84 and a 52-week high of C$49.48.

ATS (TSE:ATS) last released its quarterly earnings results on Wednesday, November 4th. The company reported C($0.05) earnings per share for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%. The company had revenue of C$665.77 million during the quarter.

ATS Company Profile

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.