ATS Co. (TSE:ATS) Receives C$60.86 Consensus PT from Analysts

ATS Co. (TSE:ATS) has been given an average rating of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$60.86.

A number of research analysts have recently weighed in on ATS shares. TD Securities cut their price objective on ATS from C$67.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Scotiabank cut their price objective on ATS from C$61.00 to C$54.00 and set a “sector perform” rating on the stock in a report on Friday, May 17th. Stifel Nicolaus cut their price objective on ATS from C$68.00 to C$65.00 in a report on Thursday, July 25th. Raymond James cut their price objective on ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a report on Friday, May 17th. Finally, Cormark lowered their target price on ATS from C$67.00 to C$59.00 in a research note on Friday, May 17th.

ATS Price Performance

Shares of TSE:ATS opened at C$38.65 on Thursday. The business’s 50-day moving average is C$43.44 and its 200 day moving average is C$47.09. ATS has a 1 year low of C$37.64 and a 1 year high of C$61.56. The firm has a market capitalization of C$3.78 billion, a P/E ratio of 19.62 and a beta of 1.45.

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

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.