ATS (TSE:ATS) Given New C$48.00 Price Target at Raymond James

ATS (TSE:ATS) had its price target decreased by Raymond James from C$52.00 to C$48.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

ATS has been the topic of a number of other reports. Royal Bank of Canada cut their price target on shares of ATS from C$52.00 to C$48.00 in a report on Thursday. Cormark reduced their target price on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Finally, Stifel Nicolaus lowered their price target on shares of ATS from C$58.00 to C$52.00 in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$55.14.

ATS Trading Up 2.7 %

ATS stock traded up C$1.11 during trading hours on Thursday, hitting C$41.54. 59,101 shares of the stock were exchanged, compared to its average volume of 243,893. The company has a 50-day simple moving average of C$39.46 and a two-hundred day simple moving average of C$41.61. The firm has a market capitalization of C$4.04 billion, a P/E ratio of 22.09 and a beta of 1.36. ATS has a 12 month low of C$33.47 and a 12 month high of C$60.01.

ATS (TSE:ATS) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). ATS had a return on equity of 11.30% and a net margin of 6.10%. The business had revenue of C$694.30 million for the quarter, compared to analyst estimates of C$689.19 million.

About ATS

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.