ATS (TSE:ATS) Shares Up 2% - Should You Buy?

Key Points

• ATS Co. shares rose 2% to C$39.58, despite a 12% decline in trading volume compared to the average.
• Wall Street analysts have adjusted their price targets for ATS, with most maintaining a "buy" or "outperform" rating, leading to an average target of C$47.60.
• The company, which specializes in automation systems, has a market capitalization of C$3.89 billion and a price-to-earnings ratio of 43.60.

ATS Co. (TSE:ATS - Get Free Report)'s share price rose 2% on Monday . The stock traded as high as C$39.75 and last traded at C$39.58. Approximately 204,807 shares changed hands during trading, a decline of 12% from the average daily volume of 233,564 shares. The stock had previously closed at C$38.81.

Analyst Ratings Changes

ATS has been the topic of several recent research reports. TD Securities decreased their target price on shares of ATS from C$49.00 to C$46.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Royal Bank Of Canada cut their price target on shares of ATS from C$50.00 to C$49.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Raymond James Financial cut their price target on shares of ATS from C$48.00 to C$46.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Finally, Scotiabank cut their price target on shares of ATS from C$46.00 to C$45.00 and set a "sector perform" rating for the company in a report on Monday, August 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$47.60.

ATS Trading Down 2.3%

The stock has a market capitalization of C$3.76 billion, a P/E ratio of 42.14 and a beta of 1.36. The firm's fifty day moving average is C$41.85 and its 200-day moving average is C$39.34.

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.