ATS’s (ATS) “Buy” Rating Reiterated at Stifel Nicolaus

ATS (TSE:ATS)‘s stock had its “buy” rating restated by equities researchers at Stifel Nicolaus in a research note issued on Tuesday, Marketbeat.com reports. They presently have a C$68.00 price objective on the stock, down from their prior price objective of C$73.00. Stifel Nicolaus’ price target suggests a potential upside of 63.15% from the company’s previous close.

A number of other research firms also recently weighed in on ATS. Raymond James lifted their price target on shares of ATS from C$61.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. TD Securities dropped their price target on shares of ATS from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Cormark dropped their price target on shares of ATS from C$68.00 to C$67.00 in a research report on Thursday, February 8th. Royal Bank of Canada reissued an “outperform” rating and issued a C$65.00 price objective on shares of ATS in a research note on Monday, February 5th. Finally, National Bankshares decreased their price objective on shares of ATS from C$69.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$65.43.

ATS Stock Up 0.7 %

Shares of ATS stock opened at C$41.68 on Tuesday. The firm has a 50 day moving average price of C$48.75 and a two-hundred day moving average price of C$52.29. The company has a market capitalization of C$4.09 billion, a PE ratio of 25.41 and a beta of 1.50. ATS has a 12-month low of C$41.12 and a 12-month high of C$64.80.

ATS (TSE:ATS) last released its quarterly earnings results on Wednesday, February 7th. The company reported C$0.65 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.63 by C$0.02. ATS had a net margin of 5.88% and a return on equity of 12.98%. The company had revenue of C$752.05 million during the quarter, compared to the consensus estimate of C$727.00 million. As a group, research analysts expect that ATS will post 2.5056689 EPS for the current year.

ATS Company Profile

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.