ATS (TSE:ATS) Given New C$52.00 Price Target at Raymond James

ATS (TSE:ATS) had its price objective cut by Raymond James from C$58.00 to C$52.00 in a report released on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

ATS has been the subject of several other reports. Cormark lowered their price objective on ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Royal Bank of Canada lowered their target price on ATS from C$55.00 to C$54.00 in a research report on Monday, October 7th. Finally, Stifel Nicolaus decreased 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 research note on Tuesday, September 24th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$57.43.

ATS Price Performance

ATS stock opened at C$41.51 on Tuesday. The business has a 50 day moving average of C$38.81 and a 200-day moving average of C$41.59. The company has a market capitalization of C$4.03 billion, a P/E ratio of 22.68 and a beta of 1.36. ATS has a 1 year low of C$33.47 and a 1 year 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). The business had revenue of C$694.30 million during the quarter, compared to analyst estimates of C$689.19 million. ATS had a net margin of 6.10% and a return on equity of 11.30%. Equities analysts anticipate 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.