ATS (TSE:ATS) Sets New 1-Year Low at $37.15

ATS Co. (TSE:ATS) hit a new 52-week low on Wednesday . The company traded as low as C$37.15 and last traded at C$37.19, with a volume of 147988 shares changing hands. The stock had previously closed at C$38.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ATS shares. Royal Bank of Canada dropped their price target on ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 21st. Cormark reduced their price target on shares of ATS from C$67.00 to C$59.00 in a report on Friday, May 17th. Scotiabank cut their price objective on shares of 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 lowered their target price on ATS from C$68.00 to C$65.00 in a report on Thursday, July 25th. Finally, Raymond James decreased their price objective on ATS from C$65.00 to C$60.00 and set an “outperform” rating for the company in a research note on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, ATS presently has an average rating of “Moderate Buy” and an average price target of C$60.86.

ATS Stock Down 2.0 %

The firm has a market cap of C$3.67 billion, a PE ratio of 19.42 and a beta of 1.36. The stock has a 50 day moving average price of C$43.35 and a two-hundred day moving average price of C$46.95.

ATS (TSE:ATS) last issued its quarterly earnings results on Thursday, May 16th. The company reported C$0.65 earnings per share (EPS) 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 net margin of 6.39% and a return on equity of 13.80%. As a group, equities analysts anticipate that ATS Co. will post 2.0152792 earnings per share 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.