ATS Co. (TSE:ATS) Receives C$61.29 Average Price Target from Analysts

Shares of ATS Co. (TSE:ATS) have earned an average rating of “Moderate Buy” from the six research firms that are covering the stock, 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 twelve-month price objective among brokerages that have covered the stock in the last year is C$61.29.

A number of research firms have commented on ATS. Raymond James reduced their target price on ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a report on Friday, May 17th. Scotiabank dropped their target price on shares of ATS from C$61.00 to C$54.00 and set a “sector perform” rating on the stock in a report on Friday, May 17th. TD Securities decreased their price target on shares of ATS from C$67.00 to C$63.00 and set a “buy” rating for the company in a report on Friday, May 17th. Royal Bank of Canada dropped their price objective on shares of ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 21st. Finally, Cormark lowered their target price on ATS from C$67.00 to C$59.00 in a report on Friday, May 17th.

ATS Stock Up 2.3 %

TSE ATS opened at C$45.50 on Friday. The business has a 50 day moving average price of C$44.24 and a two-hundred day moving average price of C$48.81. ATS has a fifty-two week low of C$41.12 and a fifty-two week high of C$64.80. The stock has a market cap of C$4.46 billion, a PE ratio of 23.10 and a beta of 1.45.

ATS (TSE:ATS) last announced its earnings results on Thursday, May 16th. The company reported C$0.65 earnings per share for the quarter, beating the consensus estimate of C$0.55 by C$0.10. ATS had a return on equity of 13.80% and a net margin of 6.39%. The company had revenue of C$791.50 million during the quarter, compared to the consensus estimate of C$721.72 million. Sell-side analysts anticipate that ATS will post 2.2395626 EPS for the current fiscal 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.