ATS (TSE:ATS) Shares Down 3.3% – Time to Sell?

Shares of ATS Co. (TSE:ATS) dropped 3.3% during trading on Friday . The stock traded as low as C$43.02 and last traded at C$43.27. Approximately 179,987 shares traded hands 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

ATS has been the topic of a number of recent research reports. Royal Bank of Canada cut their price target on shares of ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. Raymond James cut their target price on ATS from C$52.00 to C$48.00 in a report on Thursday, November 7th. TD Securities reduced their price target on ATS from C$63.00 to C$57.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Stifel Nicolaus lowered their price objective on ATS from C$58.00 to C$52.00 in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, ATS currently has an average rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Trading Down 3.3 %

The firm’s fifty day moving average is C$42.95 and its 200 day moving average is C$41.25. The stock has a market cap of C$4.21 billion, a P/E ratio of 23.64 and a beta of 1.36.

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.