ATS (TSE:ATS) Given New C$48.00 Price Target at TD Securities

ATS (TSE:ATS) had its target price lifted by TD Securities from C$46.00 to C$48.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently commented on the company. Scotiabank raised ATS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. National Bankshares boosted their target price on shares of ATS from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$49.00.

ATS Trading Down 1.7%

TSE ATS opened at C$40.01 on Monday. The company has a market cap of C$3.88 billion, a price-to-earnings ratio of -800.20 and a beta of 1.05. The company has a 50 day moving average of C$38.16 and a 200-day moving average of C$38.50. ATS has a 1-year low of C$29.81 and a 1-year high of C$44.46.

ATS (TSE:ATS) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$728.46 million for the quarter. ATS had a return on equity of 5.25% and a net margin of 3.24%.

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. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.