ATS (TSE:ATS) Shares Down 4.2% – What’s Next?

Shares of ATS Co. (TSE:ATS) traded down 4.2% during trading on Tuesday . The company traded as low as C$38.86 and last traded at C$38.91. 129,849 shares traded hands during trading, a decline of 45% from the average session volume of 235,572 shares. The stock had previously closed at C$40.60.

Wall Street Analyst Weigh In

Separately, TD Securities increased their target price on ATS from C$56.00 to C$58.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$52.67.

ATS Price Performance

The business’s 50-day simple moving average is C$40.11 and its two-hundred day simple moving average is C$40.86. The stock has a market capitalization of C$3.82 billion, a price-to-earnings ratio of 42.86 and a beta of 1.36.

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.