ATS Co. (TSE:ATS) Receives C$54.29 Average Target Price from Analysts

Shares of ATS Co. (TSE:ATS - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$54.29.

A number of brokerages recently commented on ATS. Raymond James reduced their price target on ATS from C$52.00 to C$48.00 in a report on Thursday. Stifel Nicolaus decreased their price target on shares of ATS from C$58.00 to C$52.00 in a research report on Thursday. TD Securities reduced their price objective on shares of ATS from C$63.00 to C$57.00 and set a "buy" rating on the stock in a research note on Friday. Cormark dropped their target price on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada reduced their price target on shares of ATS from C$52.00 to C$48.00 in a research report on Thursday.

ATS Trading Down 0.9 %

Shares of ATS traded down C$0.37 during midday trading on Friday, reaching C$40.06. 247,600 shares of the company were exchanged, compared to its average volume of 244,761. ATS has a 1-year low of C$33.47 and a 1-year high of C$60.01. The stock has a 50-day moving average price of C$39.62 and a 200-day moving average price of C$41.57. The company has a market cap of C$3.89 billion, a price-to-earnings ratio of 21.89 and a beta of 1.36.

ATS (TSE:ATS - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of C$694.30 million for the quarter, compared to analysts' expectations 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.