Cormark Lowers ATS (TSE:ATS) Price Target to C$59.00

ATS (TSE:ATS) had its target price cut by Cormark from C$67.00 to C$59.00 in a report issued on Friday morning, BayStreet.CA reports.

ATS has been the subject of several other reports. TD Securities decreased their price objective on shares of ATS from C$67.00 to C$63.00 and set a buy rating for the company in a report on Friday. Raymond James lowered their price objective on ATS from C$65.00 to C$60.00 and set an outperform rating for the company in a research note on Friday. National Bankshares dropped their target price on shares of ATS from C$69.00 to C$65.00 and set an outperform rating on the stock in a research note on Thursday, February 8th. Scotiabank dropped their price target on shares of ATS from C$61.00 to C$54.00 and set a sector perform rating on the stock in a report on Friday. Finally, Stifel Nicolaus restated a buy rating and set a C$68.00 price objective (down previously from C$73.00) on shares of ATS in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of C$62.00.

ATS Stock Up 1.0 %

TSE:ATS traded up C$0.45 during trading hours on Friday, hitting C$47.51. 393,823 shares of the company’s stock traded hands, compared to its average volume of 224,800. The firm has a market cap of C$4.67 billion, a P/E ratio of 28.97 and a beta of 1.45. The business’s fifty day simple moving average is C$45.79 and its two-hundred day simple moving average is C$51.25. ATS has a 52 week low of C$41.12 and a 52 week high of C$64.80.

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.