ATS Co. (TSE:ATS) Receives C$62.00 Consensus Price Target from Analysts

Shares of ATS Co. (TSE:ATS) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$61.29.

Several brokerages recently issued reports on ATS. National Bankshares decreased their price target on ATS from C$69.00 to C$65.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Raymond James dropped their price objective on ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a report on Friday, May 17th. TD Securities dropped their price objective on ATS from C$67.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Scotiabank lowered their price target on ATS from C$61.00 to C$54.00 and set a “sector perform” rating on the stock in a report on Friday, May 17th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a C$68.00 price target (down previously from C$73.00) on shares of ATS in a report on Tuesday, April 16th.

ATS Stock Performance

Shares of ATS opened at C$44.50 on Friday. ATS has a 52-week low of C$41.12 and a 52-week high of C$64.80. The business’s 50 day moving average price is C$45.58 and its two-hundred day moving average price is C$51.27. The firm has a market cap of C$4.36 billion, a PE ratio of 22.59 and a beta of 1.45.

ATS Company Profile

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.