ATS (TSE:ATS) Trading Down 0.1% - Here's What Happened

Key Points

• ATS Co. (TSE:ATS) experienced a 0.1% decline in stock price, trading at C$36.73 with a decrease in volume of 23% compared to the average session.
• Several analysts have lowered their price targets for ATS, including Royal Bank of Canada from C$50.00 to C$49.00, and TD Securities from C$49.00 to C$46.00, while maintaining "outperform" and "buy" ratings respectively.
• The stock currently has a consensus rating of "Moderate Buy" with an average target price of C$47.60, supported by three buy ratings and one hold rating from analysts.

ATS Co. (TSE:ATS - Get Free Report) fell 0.1% during trading on Thursday . The stock traded as low as C$36.39 and last traded at C$36.73. 175,299 shares were traded during trading, a decline of 23% from the average session volume of 227,581 shares. The stock had previously closed at C$36.77.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ATS. Royal Bank Of Canada reduced 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 research report on Friday, August 8th. Scotiabank reduced 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 research report on Monday, August 11th. Raymond James Financial reduced 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 research report on Friday, August 8th. Finally, TD Securities reduced their price target on shares of ATS from C$49.00 to C$46.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$47.60.

ATS Trading Down 0.1%

The stock has a 50 day moving average of C$38.77 and a 200-day moving average of C$38.72. The company has a market capitalization of C$3.55 billion, a P/E ratio of -91.83 and a beta of 1.35.

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.

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