ATS (TSE:ATS) Stock Price Target Lowered at Raymond James Financial

ATS (TSE:ATS) had its target price cut by Raymond James Financial from C$33.00 to C$29.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Raymond James Financial‘s target price points to a potential upside of 19.34% from the company’s current price.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada dropped their price target on ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. TD Securities lowered ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Desjardins dropped their target price on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a research report on Friday, August 7th. National Bank Financial dropped their target price on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Stifel Nicolaus cut their price target on shares of ATS from C$44.00 to C$41.00 and set a “buy” rating on the stock in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, ATS presently has a consensus rating of “Moderate Buy” and a consensus target price of C$36.06.

ATS Stock Down 1.2%

Shares of ATS stock traded down C$0.29 on Thursday, reaching C$24.30. 381,272 shares of the stock were exchanged, compared to its average volume of 319,049. The stock has a market cap of C$2.38 billion, a P/E ratio of 50.62 and a beta of 0.96. The firm has a 50 day moving average of C$26.32 and a two-hundred day moving average of C$36.65. ATS has a 1-year low of C$23.84 and a 1-year high of C$49.48.

ATS (TSE:ATS) last issued its earnings results on Wednesday, November 4th. The company reported C($0.05) earnings per share for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%. The firm had revenue of C$665.77 million during the quarter.

ATS Company Profile

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.