Stifel Nicolaus Cuts ATS (TSE:ATS) Price Target to C$65.00

ATS (TSE:ATS) had its target price lowered by Stifel Nicolaus from C$68.00 to C$65.00 in a report published on Thursday morning, BayStreet.CA reports.

Several other brokerages also recently weighed in on ATS. Royal Bank of Canada decreased their price target on ATS from C$65.00 to C$60.00 and set an outperform rating for the company in a report on Tuesday, May 21st. Raymond James reduced their target price on ATS from C$65.00 to C$60.00 and set an outperform rating for the company in a report on Friday, May 17th. Scotiabank reduced their target price on ATS from C$61.00 to C$54.00 and set a sector perform rating for the company in a report on Friday, May 17th. Cormark reduced their target price on ATS from C$67.00 to C$59.00 in a report on Friday, May 17th. Finally, TD Securities reduced their target price on ATS from C$67.00 to C$63.00 and set a buy rating for the company in a report on Friday, May 17th. One 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 target price of C$60.86.

ATS Price Performance

Shares of TSE ATS opened at C$42.00 on Thursday. The stock has a fifty day moving average price of C$43.92 and a 200 day moving average price of C$47.78. ATS has a 1-year low of C$41.12 and a 1-year high of C$61.56. The company has a market cap of C$4.11 billion, a PE ratio of 21.32 and a beta of 1.45.

ATS (TSE:ATS) last issued its quarterly earnings results on Thursday, May 16th. The company reported C$0.65 earnings per share for the quarter, topping 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 firm had revenue of C$791.50 million during the quarter, compared to the consensus estimate of C$721.72 million. Analysts anticipate that ATS will post 2.2395626 earnings per share 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.