ATS (TSE:ATS) Trading Up 2% – Still a Buy?

ATS Co. (TSE:ATS) was 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 traded hands 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 Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. 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 research note on Friday, November 8th. Raymond James decreased their price target on ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Stifel Nicolaus dropped their price objective on ATS from C$58.00 to C$52.00 in a research note 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. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$54.29.

ATS Stock Up 1.4 %

The firm has a market cap of C$3.96 billion, a PE ratio of 22.28 and a beta of 1.36. The company has a 50-day simple moving average of C$42.59 and a two-hundred day simple moving average of C$40.93.

ATS (TSE:ATS) last announced its quarterly earnings data on Wednesday, November 6th. The company reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.34 by C($0.09). ATS had a return on equity of 11.30% and a net margin of 6.10%. During the same quarter in the prior year, the business 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.