ATS (TSE:ATS) PT Lowered to C$58.00 at Stifel Nicolaus

ATS (TSE:ATS) had its target price reduced by stock analysts at Stifel Nicolaus from C$60.00 to C$58.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 50.65% from the stock’s previous close.

ATS has been the topic of a number of other reports. Royal Bank of Canada dropped their target price on shares of ATS from C$59.00 to C$55.00 in a report on Friday, August 9th. Cormark dropped their target price on shares of ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$58.71.

ATS Trading Down 3.5 %

ATS stock opened at C$38.50 on Tuesday. The stock has a market cap of C$3.74 billion, a price-to-earnings ratio of 21.55 and a beta of 1.35. The company’s 50-day moving average price is C$38.22 and its two-hundred day moving average price is C$42.59. ATS has a 52 week low of C$33.47 and a 52 week high of C$60.01.

ATS (TSE:ATS) last released 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). The company had revenue of C$694.30 million for 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%. Research analysts expect that ATS will post 2.140264 earnings per share for the current fiscal 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.