TD Securities Cuts ATS (TSE:ATS) Price Target to C$46.00

ATS (TSE:ATS) had its price target decreased by TD Securities from C$49.00 to C$46.00 in a research report report published on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts also recently weighed in on the company. Raymond James Financial lowered their target price on ATS from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Royal Bank Of Canada lowered their target price on ATS from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Scotiabank lowered their target price on ATS from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$47.60.

ATS Price Performance

Shares of ATS stock opened at C$39.82 on Monday. The business has a 50-day moving average of C$41.94 and a 200-day moving average of C$39.36. The company has a market capitalization of C$3.91 billion, a PE ratio of 43.86 and a beta of 1.36. ATS has a 1-year low of C$29.81 and a 1-year high of C$46.58.

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.