TD Securities Issues Pessimistic Forecast for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price target lowered by research analysts at TD Securities from C$63.00 to C$57.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 42.29% from the stock’s previous close.

ATS has been the topic of a number of other reports. Cormark cut their price objective on shares of ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. Raymond James dropped their price target on shares of ATS from C$52.00 to C$48.00 in a research report on Thursday. Royal Bank of Canada decreased their price objective on shares of ATS from C$52.00 to C$48.00 in a report on Thursday. Finally, Stifel Nicolaus dropped their target price on ATS from C$58.00 to C$52.00 in a report on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Trading Down 0.9 %

TSE ATS opened at C$40.06 on Friday. The company has a 50-day moving average price of C$39.62 and a two-hundred day moving average price of C$41.57. ATS has a 52 week low of C$33.47 and a 52 week high of C$60.01. The stock has a market cap of C$3.89 billion, a price-to-earnings ratio of 21.89 and a beta of 1.36.

ATS (TSE:ATS) last posted its earnings results on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.53 by C($0.03). ATS had a net margin of 6.10% and a return on equity of 11.30%. The business had revenue of C$694.30 million during the quarter, compared to analyst estimates of C$689.19 million.

About ATS

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.