ATS (TSE:ATS) Price Target Lowered to C$54.00 at Royal Bank of Canada

ATS (TSE:ATSFree Report) had its price objective decreased by Royal Bank of Canada from C$55.00 to C$54.00 in a research note issued to investors on Monday morning, BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus cut their price objective on shares of ATS from C$60.00 to C$58.00 and set a buy rating on the stock in a research report on Tuesday, September 24th. Cormark cut their price objective on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$58.57.

Read Our Latest Analysis on ATS

ATS Stock Performance

TSE ATS opened at C$39.95 on Monday. The company has a market capitalization of C$3.88 billion, a price-to-earnings ratio of 21.96 and a beta of 1.36. The company’s 50-day simple moving average is C$37.52 and its two-hundred day simple moving average is C$41.96. ATS has a one year low of C$33.47 and a one year high of C$60.01.

ATS (TSE:ATSGet Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). ATS had a return on equity of 11.30% and a net margin of 6.10%. The firm had revenue of C$694.30 million during the quarter, compared to analysts’ expectations of C$689.19 million.

ATS Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for ATS (TSE:ATS)

Receive News & Ratings for ATS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATS and related companies with MarketBeat.com's FREE daily email newsletter.