ATS (TSE:ATS) Price Target Raised to C$48.00 at Scotiabank

ATS (TSE:ATS) had its price objective upped by Scotiabank from C$47.00 to C$48.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. National Bankshares increased their target price on shares of ATS from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research report on Monday, December 15th. TD Securities lifted their price objective on shares of ATS from C$46.00 to C$48.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$49.60.

ATS Price Performance

TSE:ATS opened at C$40.13 on Thursday. The company has a market capitalization of C$3.89 billion, a P/E ratio of -802.60 and a beta of 0.67. The business has a fifty day simple moving average of C$38.88 and a two-hundred day simple moving average of C$38.42. 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 results on Wednesday, February 4th. The company reported C$0.48 earnings per share for the quarter. ATS had a return on equity of 5.25% and a net margin of 3.24%.The company had revenue of C$760.65 million during the quarter.

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