Alert: Rating Downgrade (11/17/23)-ATS Corp (NYSE: ATSAF).


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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