ATS (TSE:ATS) Stock Price Down 4.4%

ATS Co. (TSE:ATSGet Free Report) shares traded down 4.4% during trading on Tuesday . The company traded as low as C$47.30 and last traded at C$47.77. 377,386 shares changed hands during mid-day trading, an increase of 121% from the average session volume of 170,923 shares. The stock had previously closed at C$49.99.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Cormark decreased their price objective on ATS from C$68.00 to C$67.00 in a report on Thursday, February 8th. Raymond James upped their price objective on ATS from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. National Bankshares cut their price objective on ATS from C$69.00 to C$65.00 and set an “outperform” rating on the stock in a research report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a C$65.00 target price on shares of ATS in a report on Monday, February 5th. Finally, Scotiabank lowered ATS from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$64.00 to C$61.00 in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$66.14.

Get Our Latest Stock Analysis on ATS

ATS Stock Down 4.4 %

The firm has a market capitalization of C$4.69 billion, a price-to-earnings ratio of 29.13 and a beta of 1.50. The firm has a 50 day moving average of C$53.47.

ATS (TSE:ATSGet Free Report) last released its earnings results on Wednesday, February 7th. The company reported C$0.65 EPS for the quarter, topping the consensus estimate of C$0.63 by C$0.02. The firm had revenue of C$752.05 million during the quarter, compared to analysts’ expectations of C$727.00 million. ATS had a net margin of 5.88% and a return on equity of 12.98%. Analysts anticipate that ATS Co. will post 2.505071 earnings per share for the current year.

About ATS

(Get Free Report)

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.

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