Scotiabank Cuts ATS (TSE:ATS) Price Target to C$45.00

ATS (TSE:ATS) had its price target lowered by equities research analysts at Scotiabank from C$46.00 to C$45.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential upside of 14.16% from the company’s current price.

Several other equities research analysts also recently weighed in on ATS. Raymond James Financial decreased 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 note on Friday, August 8th. Royal Bank Of Canada decreased 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 note on Friday, August 8th. Finally, TD Securities decreased their price target on shares of ATS from C$58.00 to C$54.00 and set a “buy” rating for the company in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$47.60.

ATS Stock Down 0.4%

Shares of TSE ATS opened at C$39.42 on Monday. ATS has a twelve month low of C$29.81 and a twelve month high of C$46.58. The company has a market capitalization of C$3.88 billion, a PE ratio of 43.42 and a beta of 1.36. The firm has a fifty day simple moving average of C$41.96 and a 200 day simple moving average of C$39.35.

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.