ATS (TSE:ATS) Price Target Raised to C$58.00 at TD Securities

ATS (TSE:ATS) had its price target lifted by stock analysts at TD Securities from C$56.00 to C$58.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 42.44% from the company’s current price.

Other analysts have also recently issued reports about the company. Royal Bank of Canada dropped their price target on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Raymond James reduced their price target on ATS from C$52.00 to C$48.00 in a research report on Thursday, November 7th. Finally, Stifel Nicolaus dropped their price objective on ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$54.43.

ATS Price Performance

Shares of ATS traded up C$0.13 during mid-day trading on Friday, reaching C$40.72. The company’s stock had a trading volume of 130,245 shares, compared to its average volume of 282,565. ATS has a 12-month low of C$33.47 and a 12-month high of C$56.33. The stock has a market cap of C$3.96 billion, a PE ratio of 22.25 and a beta of 1.36. The company’s 50 day moving average is C$42.07 and its 200 day moving average is C$40.54.

ATS (TSE:ATS) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.25 earnings per share for the quarter, missing the consensus estimate of C$0.34 by C($0.09). ATS had a net margin of 6.10% and a return on equity of 11.30%. During the same period in the previous year, the company earned $0.63 earnings per share.

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.