Stock Rating Downgrade
The Value Trend Rating for ATS Corp (NYSE: ATSAF) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
ATS Corp (NYSE: ATSAF) stock closed at $31.09 on 4/19/24 after a modest decline of -1.5%. Moreover, trading volume in this decline was above average at 133% of normal. The stock has been weak relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
ATSAF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 58 but a poor Power Rating of 27, resulting in the Negative Value Trend Rating.
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