ATS Co. (TSE:ATS) Given Average Rating of “Moderate Buy” by Brokerages

Shares of ATS Co. (TSE:ATS) have been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$54.29.

A number of brokerages have recently weighed in on ATS. TD Securities reduced their price objective on shares of ATS from C$63.00 to C$57.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Stifel Nicolaus decreased their price target on ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. Raymond James lowered their price objective on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Finally, Royal Bank of Canada decreased their target price on ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th.

ATS Price Performance

Shares of TSE ATS opened at C$40.78 on Thursday. The company has a market cap of C$3.96 billion, a price-to-earnings ratio of 22.28 and a beta of 1.36. The stock’s 50-day moving average is C$42.59 and its two-hundred day moving average is C$40.93. ATS has a 1-year low of C$33.47 and a 1-year high of C$60.01.

ATS (TSE:ATS) last issued its earnings results on Wednesday, November 6th. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.34 by C($0.09). ATS had a net margin of 6.10% and a return on equity of 11.30%. During the same quarter last year, the firm posted $0.63 earnings per share.

ATS Company Profile

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.