Stifel Nicolaus Lowers ATS (TSE:ATS) Price Target to C$58.00

ATS (TSE:ATS) had its price target dropped by stock analysts at Stifel Nicolaus from C$60.00 to C$58.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 50.65% from the company’s previous close.

A number of other research firms also recently commented on ATS. Cormark reduced their price objective on shares of ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. Royal Bank of Canada reduced their price objective on shares of ATS from C$59.00 to C$55.00 in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$58.71.

ATS Price Performance

TSE ATS opened at C$38.50 on Tuesday. ATS has a 12 month low of C$33.47 and a 12 month high of C$60.01. The company has a market capitalization of C$3.74 billion, a price-to-earnings ratio of 21.55 and a beta of 1.35. The company’s fifty day moving average price is C$38.22 and its two-hundred day moving average price is C$42.59.

ATS (TSE:ATS) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). ATS had a net margin of 6.10% and a return on equity of 11.30%. The company had revenue of C$694.30 million for the quarter, compared to the consensus estimate of C$689.19 million. As a group, analysts anticipate that ATS will post 2.140264 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.