National Bankshares Forecasts Strong Price Appreciation for ATS (TSE:ATS) Stock

ATS (TSE:ATS) had its target price lifted by National Bankshares from C$54.00 to C$57.00 in a report released on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 48.83% from the company’s current price.

Separately, Scotiabank upgraded shares of ATS from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$48.60.

ATS Trading Up 3.8%

Shares of ATS opened at C$38.30 on Monday. The firm’s 50-day moving average price is C$37.00 and its 200-day moving average price is C$38.99. The firm has a market capitalization of C$3.71 billion, a price-to-earnings ratio of -766.00 and a beta of 1.05. ATS has a 1-year low of C$29.81 and a 1-year high of C$45.43.

ATS (TSE:ATS) last posted its earnings results on Wednesday, November 5th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$728.46 million for the quarter. ATS had a return on equity of 5.25% and a net margin of 3.24%.

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.