ATS (TSE:ATS) Reaches New 1-Year Low - What's Next?

Key Points

• ATS hit a new 52-week low, falling to C$24.34 intraday and last trading at C$24.57, down from a prior close of C$26.50.
• Several brokerages cut their price targets or downgraded the shares, though the consensus remained Moderate Buy with a C$42.25 target; six analysts rated it Buy and two Hold.
• ATS reported quarterly EPS of C($0.05) on revenue of C$665.77 million, with a 1.61% net margin and 2.66% return on equity.

Shares of ATS Co. (TSE:ATS - Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as C$24.34 and last traded at C$24.57, with a volume of 139,818 shares trading hands. The stock had previously closed at C$26.50.

Analyst Ratings Changes

Several brokerages recently commented on ATS. Royal Bank Of Canada reduced their price objective on shares of ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. TD Securities cut shares of ATS from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 10th. Desjardins cut their price target on shares of ATS from C$52.00 to C$46.00 and set a "buy" rating for the company in a report on Friday, August 7th. Raymond James Financial reduced their price target on shares of ATS from C$46.00 to C$33.00 and set an "outperform" rating for the company in a research report on Friday, August 7th. Finally, TD lowered shares of ATS from a "buy" rating to a "hold" rating and reduced their price target for the company from C$49.00 to C$33.00 in a research report on Monday, August 10th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$42.25.

ATS Price Performance

The company has a 50 day simple moving average of C$26.37 and a 200-day simple moving average of C$36.74. The stock has a market cap of C$2.40 billion, a P/E ratio of 50.92 and a beta of 0.96.

ATS (TSE:ATS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C($0.05) EPS for the quarter. The firm had revenue of C$665.77 million for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

About ATS

ATS Corporation is an industry-leading automation solutions provider to many of the world's most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.

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