ATS Co. (TSE:ATS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of ATS Co. (TSE:ATS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$58.57.

Several brokerages recently issued reports on ATS. Stifel Nicolaus cut 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 report on Tuesday, September 24th. Royal Bank of Canada cut their target price on shares of ATS from C$55.00 to C$54.00 in a research note on Monday, October 7th. Finally, Cormark decreased their price target on ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th.

ATS Trading Up 1.3 %

ATS stock opened at C$44.06 on Tuesday. ATS has a 1-year low of C$33.47 and a 1-year high of C$60.01. The business’s 50 day moving average is C$38.12 and its 200-day moving average is C$41.66. The firm has a market cap of C$4.28 billion, a P/E ratio of 24.08 and a beta of 1.36.

ATS (TSE:ATS) last announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). The company had revenue of C$694.30 million during the quarter, compared to the consensus estimate of C$689.19 million. ATS had a net margin of 6.10% and a return on equity of 11.30%. Sell-side analysts forecast that ATS will post 2.0959036 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.