ATS (TSE:ATS – Get Free Report) had its price objective dropped by Stifel Nicolaus from C$60.00 to C$58.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 45.77% from the stock’s current price.
Other equities research analysts also recently issued reports about the company. Royal Bank of Canada lowered their price target on ATS from C$59.00 to C$55.00 in a research report on Friday, August 9th. Cormark reduced their price target on shares of ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$58.71.
Get Our Latest Stock Analysis on ATS
ATS Stock Performance
ATS (TSE:ATS – Get Free Report) last issued its quarterly earnings data 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 return on equity of 11.30% and a net margin of 6.10%. The business had revenue of C$694.30 million during the quarter, compared to the consensus estimate of C$689.19 million. On average, sell-side analysts anticipate that ATS will post 2.140264 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.
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