ATS (TSE:ATS) Stock Price Up 0.7%

ATS Co. (TSE:ATS) shares shot up 0.7% on Monday . The stock traded as high as C$35.35 and last traded at C$35.18. 206,095 shares were traded during mid-day trading, a decline of 9% from the average session volume of 226,714 shares. The stock had previously closed at C$34.95.

Analysts Set New Price Targets

ATS has been the subject of a number of recent analyst reports. Cormark dropped their target price on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Royal Bank of Canada cut their target price on shares of ATS from C$59.00 to C$55.00 in a research note on Friday, August 9th. Finally, Stifel Nicolaus reduced their target price on ATS from C$65.00 to C$60.00 in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$59.00.

ATS Stock Up 0.7 %

The stock’s 50-day moving average price is C$39.05 and its 200-day moving average price is C$43.12. The company has a market capitalization of C$3.42 billion, a price-to-earnings ratio of 19.22 and a beta of 1.35.

ATS (TSE:ATS) last posted 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 firm had revenue of C$694.30 million for 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%. On average, equities research analysts anticipate that ATS Co. will post 2.1441496 EPS for the current year.

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.