ATS (TSE:ATS – Get Free Report) had its price target cut by equities researchers at Stifel Nicolaus from C$60.00 to C$58.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 45.77% from the company’s previous close.
Other analysts have also issued research reports about the stock. Cormark lowered their target price on shares of ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. Royal Bank of Canada lowered their target price on ATS from C$59.00 to C$55.00 in a report on Friday, August 9th. One equities research 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of C$58.71.
Read Our Latest Research Report on ATS
ATS Price Performance
ATS (TSE:ATS – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). The company had revenue of C$694.30 million during the quarter, compared to analysts’ expectations of C$689.19 million. ATS had a return on equity of 11.30% and a net margin of 6.10%. On average, analysts predict that ATS will post 2.140264 EPS for the current fiscal 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.
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