Stifel Nicolaus Cuts ATS (TSE:ATS) Price Target to C$65.00

ATS (TSE:ATS) had its target price trimmed by Stifel Nicolaus from C$68.00 to C$65.00 in a research report report published on Thursday morning, BayStreet.CA reports.

Other research analysts have also recently issued reports about the stock. Cormark decreased their price objective on shares of ATS from C$67.00 to C$59.00 in a report on Friday, May 17th. Royal Bank of Canada decreased their price objective on shares of ATS from C$65.00 to C$60.00 and set an outperform rating for the company in a report on Tuesday, May 21st. Raymond James decreased their price objective on shares of ATS from C$65.00 to C$60.00 and set an outperform rating for the company in a report on Friday, May 17th. Scotiabank reduced their target price on shares of ATS from C$61.00 to C$54.00 and set a sector perform rating for the company in a report on Friday, May 17th. Finally, TD Securities reduced their target price on shares of ATS from C$67.00 to C$63.00 and set a buy rating for the company in a report on Friday, May 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of C$60.86.

ATS Stock Performance

Shares of TSE ATS opened at C$42.00 on Thursday. The firm’s 50 day moving average price is C$43.92 and its 200-day moving average price is C$47.78. The company has a market cap of C$4.11 billion, a PE ratio of 21.32 and a beta of 1.45. ATS has a 52-week low of C$41.12 and a 52-week high of C$61.56.

ATS (TSE:ATS) last released its quarterly earnings data on Thursday, May 16th. The company reported C$0.65 earnings per share for the quarter, beating the consensus estimate of C$0.55 by C$0.10. ATS had a net margin of 6.39% and a return on equity of 13.80%. The firm had revenue of C$791.50 million during the quarter, compared to analysts’ expectations of C$721.72 million. On average, analysts forecast that ATS will post 2.2395626 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.