Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for ATS Corp (NYSE: ATSAF) weakened of late. ATSAF’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/17/23, ATS Corp (NYSE: ATSAF) stock declined modestly by -0.4%, closing at $38.67. The stock has performed in line with the market over the last nine months and has risen 8.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ATSAF is expected to continue to be a major Value Builder.
ATS has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. ATS has a poor Appreciation Score of 25 but a slightly positive Power Rating of 60, producing the Negative Value Trend Rating.
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