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

Key Points

• TD Securities has lowered its price target for ATS from C$49.00 to C$46.00, while maintaining a "buy" rating, indicating a potential upside of 16.81% from the previous close.
• Multiple brokerages have also adjusted their price objectives for ATS, with Raymond James and Royal Bank of Canada each setting their targets to C$46.00 and C$49.00 respectively.
• As of the latest trading, ATS shares traded at C$39.38, and the stock has a market capitalization of C$3.87 billion.

ATS (TSE:ATS - Get Free Report) had its price objective reduced by analysts at TD Securities from C$49.00 to C$46.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 17.47% from the stock's previous close.

ATS has been the topic of several other reports. Raymond James Financial decreased their price target on ATS from C$48.00 to C$46.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Royal Bank Of Canada decreased their price target on ATS from C$50.00 to C$49.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Finally, Scotiabank decreased their price target on ATS from C$46.00 to C$45.00 and set a "sector perform" rating on the stock in a research report on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$47.60.

ATS Price Performance

Shares of ATS traded down C$0.66 during midday trading on Monday, hitting C$39.16. 154,355 shares of the company traded hands, compared to its average volume of 232,405. The stock has a 50-day moving average of C$41.91 and a 200-day moving average of C$39.35. ATS has a one year low of C$29.81 and a one year high of C$46.58. The firm has a market cap of C$3.85 billion, a P/E ratio of 43.14 and a beta of 1.36.

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.