ATS (TSE:ATS) Price Target Cut to C$48.00 by Analysts at Royal Bank of Canada

ATS (TSE:ATS) had its price target reduced by Royal Bank of Canada from C$52.00 to C$48.00 in a research report released on Thursday,BayStreet.CA reports.

Several other analysts also recently weighed in on the company. Cormark dropped their price objective on ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Stifel Nicolaus reduced their price target on ATS from C$58.00 to C$52.00 in a research report on Thursday. Finally, Raymond James lowered their price target on shares of ATS from C$58.00 to C$52.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. 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 data from MarketBeat.com, ATS presently has an average rating of “Moderate Buy” and a consensus target price of C$55.14.

ATS Stock Up 2.7 %

Shares of ATS traded up C$1.11 during trading hours on Thursday, hitting C$41.54. The company had a trading volume of 59,101 shares, compared to its average volume of 243,893. The firm has a market cap of C$4.04 billion, a price-to-earnings ratio of 22.09 and a beta of 1.36. ATS has a 12 month low of C$33.47 and a 12 month high of C$60.01. The business has a fifty day moving average of C$39.46 and a 200-day moving average of C$41.61.

ATS (TSE:ATS) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.53 by C($0.03). The business had revenue of C$694.30 million during the quarter, compared to analyst estimates of C$689.19 million. ATS had a net margin of 6.10% and a return on equity of 11.30%.

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.