Stifel Nicolaus Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price target decreased by research analysts at Stifel Nicolaus from C$58.00 to C$52.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price target would indicate a potential upside of 29.81% from the company’s previous close.

Other analysts have also issued research reports about the stock. Raymond James dropped their price objective on shares of ATS from C$58.00 to C$52.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Cormark cut their price objective on shares of ATS from C$59.00 to C$56.00 in a 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 research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Stock Performance

ATS 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 50 day moving average price of C$39.55 and a 200 day moving average price of C$41.60. The company has a market cap of C$3.89 billion, a PE ratio of 21.89 and a beta of 1.36.

ATS (TSE:ATS) last released its quarterly earnings data 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 return on equity of 11.30% and a net margin of 6.10%.

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.