ATS (TSE:ATS) Price Target Cut to C$58.00

ATS (TSE:ATS) had its price target reduced by Stifel Nicolaus from C$60.00 to C$58.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other research analysts also recently weighed in on the company. Royal Bank of Canada lowered their target price on ATS from C$59.00 to C$55.00 in a research note on Friday, August 9th. Cormark dropped their price objective on ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$58.71.

ATS Trading Down 1.2 %

ATS stock opened at C$40.19 on Tuesday. The business’s fifty day moving average price is C$37.96 and its 200 day moving average price is C$42.48. ATS has a 12-month low of C$33.47 and a 12-month high of C$60.01. The company has a market capitalization of C$3.91 billion, a PE ratio of 21.96 and a beta of 1.35.

ATS (TSE:ATS) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). The business had revenue of C$694.30 million for the quarter, compared to analysts’ expectations of C$689.19 million. ATS had a return on equity of 11.30% and a net margin of 6.10%. Research analysts predict that ATS will post 2.140264 EPS for the current fiscal 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.