Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for ATS Corp (NYSE: ATSAF) weakened during the last several trading days. 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
ATS Corp (NYSE: ATSAF) stock declined slightly by -0.9% on 4/8/24. The stock closed at $32.25. Moreover, this decline was accompanied by unusually high trading volume at 186% of normal. Relative to the market the stock has been weak over the last nine months and has declined -4.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ATSAF is expected to continue to be a 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 inconsistent signals. ATS has a neutral Appreciation Score of 57 but a poor Power Rating of 30, and the Negative Value Trend Rating results.
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