ATS Co. (TSE:ATS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

ATS Co. (TSE:ATS) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$54.29.

Several equities analysts recently weighed in on ATS shares. Raymond James cut their price target on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. TD Securities cut their price target 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 cut their price target on shares of ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. Cormark cut their price target on shares of ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada cut their price target on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th.

ATS Price Performance

TSE:ATS opened at C$41.07 on Friday. ATS has a 1-year low of C$33.47 and a 1-year high of C$60.01. The company has a 50-day moving average of C$39.79 and a 200 day moving average of C$41.53. The firm has a market cap of C$3.99 billion, a PE ratio of 21.63 and a beta of 1.36.

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.