ATS (TSE:ATS) Price Target Lowered to C$45.00 at Scotiabank

ATS (TSE:ATS) had its price objective reduced by Scotiabank from C$46.00 to C$45.00 in a report released on Monday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other equities research analysts also recently issued reports on ATS. TD Securities lowered their price target on ATS from C$58.00 to C$54.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Raymond James Financial lowered their price target on ATS from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Royal Bank Of Canada lowered their price target on ATS from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, ATS presently has an average rating of “Moderate Buy” and an average target price of C$47.60.

ATS Trading Up 2.0%

ATS stock opened at C$39.58 on Monday. The stock has a 50-day moving average price of C$41.99 and a two-hundred day moving average price of C$39.35. ATS has a 12-month low of C$29.81 and a 12-month high of C$46.58. The company has a market cap of C$3.89 billion, a PE ratio of 43.60 and a beta of 1.36.

About ATS

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.