ATS (TSE:ATS) Trading Down 3.3% – What’s Next?

ATS Co. (TSE:ATS) shares dropped 3.3% during mid-day trading on Friday . The company traded as low as C$43.02 and last traded at C$43.27. Approximately 179,987 shares were traded during mid-day trading, a decline of 27% from the average daily volume of 245,891 shares. The stock had previously closed at C$44.75.

Analyst Ratings Changes

Several research analysts have commented on ATS shares. Stifel Nicolaus dropped their price target on ATS from C$58.00 to C$52.00 in a research report on Thursday, November 7th. Raymond James cut their target price on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. TD Securities dropped their price objective on shares of ATS from C$63.00 to C$57.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Royal Bank of Canada reduced their target price on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Stock Performance

The firm has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 23.64 and a beta of 1.36. The firm’s 50-day moving average price is C$42.95 and its two-hundred day moving average price is C$41.22.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.