TD Securities Issues Positive Forecast for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its target price upped by TD Securities from C$56.00 to C$58.00 in a research report released on Friday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

ATS has been the topic of a number of other reports. Royal Bank of Canada decreased their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Stifel Nicolaus decreased their price target on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. Finally, Raymond James dropped their price objective on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$54.43.

ATS Stock Performance

ATS opened at C$40.79 on Friday. ATS has a 52-week low of C$33.47 and a 52-week high of C$56.33. The firm has a market cap of C$3.96 billion, a P/E ratio of 22.29 and a beta of 1.36. The business’s fifty day moving average is C$42.07 and its 200-day moving average is C$40.54.

ATS (TSE:ATS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.34 by C($0.09). ATS had a return on equity of 11.30% and a net margin of 6.10%. During the same quarter last year, the company earned $0.63 EPS.

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.