ATS (TSE:ATS) Price Target Cut to C$54.00 by Analysts at Royal Bank of Canada

ATS (TSE:ATS) had its price objective cut by Royal Bank of Canada from C$55.00 to C$54.00 in a research note issued to investors on Monday, BayStreet.CA reports.

A number of other analysts have also recently issued reports on the company. Stifel Nicolaus lowered their target price on ATS from C$60.00 to C$58.00 and set a buy rating for the company in a research note on Tuesday, September 24th. Cormark decreased their price target on shares of ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, ATS currently has an average rating of Moderate Buy and a consensus price target of C$58.57.

ATS Stock Performance

ATS opened at C$40.18 on Monday. The firm’s 50-day simple moving average is C$37.55 and its 200-day simple moving average is C$42.03. ATS has a twelve month low of C$33.47 and a twelve month high of C$60.01. The firm has a market cap of C$3.91 billion, a price-to-earnings ratio of 22.26 and a beta of 1.36.

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 business had revenue of C$694.30 million for the quarter, compared to analyst estimates of C$689.19 million.

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.