ATS (TSE:ATS – Get Free Report) had its price objective cut by equities research analysts at Raymond James from C$52.00 to C$48.00 in a report released on Thursday,BayStreet.CA reports. Raymond James’ target price suggests a potential upside of 19.82% from the stock’s previous close.
Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reduced their target price on shares of ATS from C$52.00 to C$48.00 in a report on Thursday. Cormark reduced their target price on ATS from C$59.00 to C$56.00 in a 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 analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$54.29.
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ATS Stock Down 0.9 %
ATS (TSE:ATS – Get Free Report) last announced 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 net margin of 6.10% and a return on equity of 11.30%. The firm 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.
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