ATS (TSE:ATS) Trading Up 2% – What’s Next?

ATS Co. (TSE:ATS) shares were up 2% during trading on Monday . The company traded as high as C$39.23 and last traded at C$39.07. Approximately 80,021 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 244,235 shares. The stock had previously closed at C$38.31.

Analyst Ratings Changes

A number of analysts have weighed in on ATS shares. Raymond James reduced their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Royal Bank of Canada reduced their price target on shares of ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Stifel Nicolaus cut their price target on ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. Finally, TD Securities cut their target price on ATS from C$63.00 to C$57.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$54.29.

ATS Stock Performance

The business’s fifty day moving average price is C$42.60 and its two-hundred day moving average price is C$40.97. The firm has a market capitalization of C$3.80 billion, a P/E ratio of 21.35 and a beta of 1.36.

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.