ATS (TSE:ATS) Shares Up 2% – Still a Buy?

ATS Co. (TSE:ATS)’s stock price shot up 2% during mid-day trading on Monday . The company traded as high as C$39.75 and last traded at C$39.58. 204,807 shares changed hands during trading, a decline of 12% from the average session volume of 233,564 shares. The stock had previously closed at C$38.81.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Securities reduced their price target on ATS from C$49.00 to C$46.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank Of Canada cut their price objective on ATS from C$50.00 to C$49.00 and set an “outperform” rating for the company in a report on Friday. Scotiabank cut their price objective on ATS from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a report on Monday. Finally, Raymond James Financial cut their price objective on ATS from C$48.00 to C$46.00 and set an “outperform” rating for the company in a report on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$47.60.

ATS Trading Up 2.0%

The company has a fifty day simple moving average of C$41.99 and a 200-day simple moving average of C$39.35. The stock has a market cap of C$3.89 billion, a price-to-earnings ratio of 43.60 and a beta of 1.36.

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.