ATS (TSE:ATS) Price Target Lowered to C$54.00 at Scotiabank

ATS (TSE:ATSFree Report) had its price target trimmed by Scotiabank from C$61.00 to C$54.00 in a research note released on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also commented on ATS. Royal Bank of Canada reaffirmed an outperform rating and issued a C$65.00 price objective on shares of ATS in a report on Monday, February 5th. TD Securities dropped their price objective on shares of ATS from C$70.00 to C$67.00 and set a buy rating on the stock in a report on Friday, February 9th. Raymond James lifted their price target on shares of ATS from C$61.00 to C$65.00 and gave the stock an outperform rating in a research note on Thursday, February 8th. Cormark cut their price objective on shares of ATS from C$68.00 to C$67.00 in a research report on Thursday, February 8th. Finally, National Bankshares decreased their target price on ATS from C$69.00 to C$65.00 and set an outperform rating on the stock in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$62.00.

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ATS Stock Performance

Shares of ATS traded up C$0.45 on Friday, hitting C$47.51. 393,823 shares of the stock traded hands, compared to its average volume of 224,800. ATS has a one year low of C$41.12 and a one year high of C$64.80. The business has a 50 day simple moving average of C$45.79 and a 200 day simple moving average of C$51.25. The company has a market capitalization of C$4.67 billion, a PE ratio of 28.97 and a beta of 1.45.

ATS Company Profile

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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.

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Analyst Recommendations for ATS (TSE:ATS)

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