ATS Co. (TSE:ATS) Receives C$59.00 Average Price Target from Brokerages

Shares of ATS Co. (TSE:ATS) have been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$58.71.

ATS has been the subject of a number of research analyst reports. Stifel Nicolaus reduced their price target on shares of ATS from C$60.00 to C$58.00 and set a “buy” rating for the company in a research note on Tuesday. Royal Bank of Canada cut their target price on shares of ATS from C$59.00 to C$55.00 in a research report on Friday, August 9th. Finally, Cormark lowered their price target on ATS from C$59.00 to C$56.00 in a report on Friday, August 9th.

ATS Trading Up 5.6 %

ATS stock opened at C$40.67 on Friday. The stock’s 50 day simple moving average is C$38.10 and its 200 day simple moving average is C$42.56. ATS has a 12-month low of C$33.47 and a 12-month high of C$60.01. 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 announced its quarterly 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 business had revenue of C$694.30 million for the quarter, compared to the consensus estimate of C$689.19 million. On average, research analysts predict that ATS will post 2.140264 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.