ATS (TSE:ATS) Stock Price Expected to Rise, TD Securities Analyst Says

ATS (TSE:ATS) had its target price lifted by research analysts at TD Securities from C$46.00 to C$48.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 20.63% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. National Bankshares increased their target price on shares of ATS from C$54.00 to C$57.00 and gave the stock an “outperform” rating in a research note on Monday, December 15th. Scotiabank upgraded shares of ATS from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to MarketBeat, ATS presently has a consensus rating of “Buy” and an average target price of C$49.00.

ATS Price Performance

Shares of TSE ATS opened at C$39.79 on Monday. The company has a market capitalization of C$3.86 billion, a P/E ratio of -795.80 and a beta of 1.05. ATS has a 1 year low of C$29.81 and a 1 year high of C$44.46. The company has a 50 day simple moving average of C$38.26 and a 200-day simple moving average of C$38.50.

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

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. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.