ATS Co. (TSE:ATS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

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

Several brokerages have issued reports on ATS. Cormark lowered their price target on ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. Stifel Nicolaus decreased their price objective on ATS from C$60.00 to C$58.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Royal Bank of Canada decreased their price objective on ATS from C$55.00 to C$54.00 in a report on Monday, October 7th.

ATS Trading Up 3.3 %

TSE ATS opened at C$41.25 on Tuesday. The stock has a 50-day simple moving average of C$37.62 and a 200 day simple moving average of C$41.78. The company has a market capitalization of C$4.01 billion, a PE ratio of 22.54 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 announced its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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.

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.