Scotiabank Forecasts Strong Price Appreciation for ATS (TSE:ATS) Stock

ATS (TSE:ATS) had its price target increased by stock analysts at Scotiabank from C$47.00 to C$48.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 17.68% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. TD Securities boosted their price target on shares of ATS from C$46.00 to C$48.00 and gave the company a “buy” rating in a report on Monday, January 26th. National Bankshares boosted their target price on ATS from C$54.00 to C$57.00 and gave the company an “outperform” rating in a research note on Monday, December 15th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$49.60.

ATS Price Performance

Shares of TSE:ATS opened at C$40.79 on Thursday. The firm’s 50 day simple moving average is C$38.98 and its 200 day simple moving average is C$38.41. ATS has a fifty-two week low of C$29.81 and a fifty-two week high of C$44.46. The company has a market capitalization of C$3.95 billion, a price-to-earnings ratio of 214.68 and a beta of 0.67.

ATS (TSE:ATS) last issued its quarterly earnings data on Wednesday, February 4th. The company reported C$0.48 earnings per share (EPS) for the quarter. ATS had a net margin of 3.24% and a return on equity of 5.25%. The firm had revenue of C$760.65 million during the quarter.

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.