ATS (TSE:ATS) Price Target Cut to C$52.00 by Analysts at Raymond James

ATS (TSE:ATS - Free Report) had its price target cut by Raymond James from C$58.00 to C$52.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research analysts have also issued reports on the company. Stifel Nicolaus lowered their target price on ATS from C$60.00 to C$58.00 and set a "buy" rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada lowered their price objective on shares of ATS from C$55.00 to C$54.00 in a research note on Monday, October 7th. Finally, Cormark cut their target price on shares of 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 data from MarketBeat.com, ATS has an average rating of "Moderate Buy" and an average target price of C$57.43.

ATS Trading Down 2.3 %

ATS stock traded down C$0.96 during trading on Tuesday, hitting C$41.51. The company had a trading volume of 239,215 shares, compared to its average volume of 239,811. The firm has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 22.38 and a beta of 1.36. The business has a 50 day moving average of C$38.72 and a 200 day moving average of C$41.61. ATS has a fifty-two week low of C$33.47 and a fifty-two week high of C$60.01.

ATS (TSE:ATS - Get Free Report) last announced its 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). ATS had a return on equity of 11.30% and a net margin of 6.10%. The firm had revenue of C$694.30 million for the quarter, compared to the consensus estimate of C$689.19 million. As a group, equities analysts predict that ATS will post 2.0959036 EPS for the current year.

About ATS

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.