ATS Co. (TSE:ATS) Receives Consensus Rating of “Moderate Buy” from Analysts

ATS Co. (TSE:ATS) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$65.43.

Several brokerages recently weighed in on ATS. Scotiabank lowered ATS from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$64.00 to C$61.00 in a research report on Thursday, February 8th. Raymond James raised their price objective on ATS from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Cormark reduced their price objective on shares of ATS from C$68.00 to C$67.00 in a report on Thursday, February 8th. TD Securities lowered their target price on shares of ATS from C$70.00 to C$67.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Finally, National Bankshares dropped their price target on shares of ATS from C$69.00 to C$65.00 and set an “outperform” rating for the company in a research report on Thursday, February 8th.

ATS Trading Down 0.4 %

ATS stock opened at C$44.91 on Tuesday. The company has a 50-day moving average price of C$47.34 and a 200 day moving average price of C$51.68. ATS has a 12-month low of C$41.12 and a 12-month high of C$64.80. The stock has a market cap of C$4.41 billion, a P/E ratio of 27.38 and a beta of 1.50.

ATS (TSE:ATS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported C$0.65 earnings per share for the quarter, beating the consensus estimate of C$0.63 by C$0.02. The business had revenue of C$752.05 million during the quarter, compared to analysts’ expectations of C$727.00 million. ATS had a net margin of 5.88% and a return on equity of 12.98%. As a group, analysts forecast that ATS will post 2.5056689 EPS for the current 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.