Stifel Nicolaus Lowers ATS (TSE:ATS) Price Target to C$52.00

ATS (TSE:ATS) had its price objective trimmed by Stifel Nicolaus from C$58.00 to C$52.00 in a report released on Thursday,BayStreet.CA reports.

Several other research firms have also recently weighed in on ATS. Raymond James reduced their price target on shares of ATS from C$58.00 to C$52.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Cormark cut their price objective on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada lowered their target price on ATS from C$55.00 to C$54.00 in a report on Monday, October 7th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, ATS currently has a consensus rating of “Moderate Buy” and an average target price of C$54.29.

ATS Trading Down 0.9 %

ATS stock opened at C$40.06 on Thursday. ATS has a 1-year low of C$33.47 and a 1-year high of C$60.01. The firm has a market cap of C$3.89 billion, a PE ratio of 21.89 and a beta of 1.36. The business’s 50-day moving average price is C$39.62 and its two-hundred day moving average price is C$41.57.

ATS (TSE:ATS) last released its quarterly earnings data on Thursday, August 8th. The company reported C$0.50 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of C$694.30 million for the quarter, compared to the consensus estimate of C$689.19 million.

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.