Stifel Nicolaus Trims ATS (TSE:ATS) Target Price to C$58.00

ATS (TSE:ATS) had its target price reduced by Stifel Nicolaus from C$60.00 to C$58.00 in a report released on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also weighed in on ATS. 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. Royal Bank of Canada dropped their price objective on shares of ATS from C$59.00 to C$55.00 in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$58.71.

ATS Stock Up 5.6 %

Shares of ATS stock opened at C$40.67 on Tuesday. ATS has a 52 week low of C$33.47 and a 52 week high of C$60.01. The firm has a 50 day moving average of C$38.10 and a two-hundred day moving average of C$42.56. The stock has a market capitalization of C$3.95 billion, a PE ratio of 21.04 and a beta of 1.35.

ATS (TSE:ATS) last released its earnings results 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). ATS had a net margin of 6.10% and a return on equity of 11.30%. The company had revenue of C$694.30 million during the quarter, compared to analysts’ expectations of C$689.19 million. Analysts expect that ATS will post 2.140264 EPS 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.