ATS (TSE:ATS) Given New C$67.00 Price Target at TD Securities

ATS (TSE:ATSFree Report) had its target price reduced by TD Securities from C$70.00 to C$67.00 in a report issued on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research firms have also commented on ATS. Royal Bank of Canada restated an outperform rating and issued a C$65.00 price target on shares of ATS in a report on Monday, February 5th. Stifel Nicolaus lowered their target price on ATS from C$75.00 to C$73.00 and set a buy rating for the company in a report on Thursday. Raymond James increased their target price on ATS from C$61.00 to C$65.00 and gave the company an outperform rating in a research report on Thursday. Cormark reduced their price target on ATS from C$68.00 to C$67.00 in a research report on Thursday. Finally, National Bankshares dropped their price objective on ATS from C$69.00 to C$65.00 and set an outperform rating on the stock in a research report on Thursday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from, the stock presently has an average rating of Moderate Buy and an average price target of C$66.14.

Check Out Our Latest Analysis on ATS

ATS Price Performance

ATS opened at C$54.15 on Friday. ATS has a 52 week low of C$45.64 and a 52 week high of C$64.80. The stock has a market cap of C$5.36 billion, a P/E ratio of 33.02 and a beta of 1.54. The business’s fifty day moving average price is C$56.64.

ATS (TSE:ATSGet Free Report) last announced its quarterly earnings results on Wednesday, November 8th. The company reported C$0.63 EPS for the quarter, missing the consensus estimate of C$0.67 by C($0.04). The firm had revenue of C$735.72 million for the quarter, compared to analysts’ expectations of C$718.23 million. ATS had a net margin of 5.47% and a return on equity of 12.21%. Equities analysts anticipate that ATS will post 2.9022817 EPS for the current year.

About ATS

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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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