ATS (TSE:ATS) PT Raised to C$70.00

ATS (TSE:ATSFree Report) had its price target hoisted by TD Securities from C$62.00 to C$70.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Royal Bank of Canada dropped their price target on ATS from C$69.00 to C$65.00 and set an outperform rating for the company in a research note on Thursday, November 9th. Stifel Nicolaus reiterated a buy rating and set a C$75.00 target price on shares of ATS in a research report on Friday, January 12th. Scotiabank increased their target price on ATS from C$61.00 to C$64.00 and gave the company a sector perform rating in a research report on Thursday, January 25th. Raymond James lowered their target price on ATS from C$67.00 to C$61.00 and set an outperform rating for the company in a research report on Tuesday, October 31st. Finally, Cormark lowered their target price on ATS from C$73.00 to C$68.00 in a research report on Thursday, November 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of C$67.17.

Read Our Latest Stock Report on ATS

ATS Stock Down 0.7 %

ATS stock opened at C$59.14 on Tuesday. The business has a 50 day moving average price of C$56.01. The stock has a market cap of C$5.85 billion, a price-to-earnings ratio of 36.06 and a beta of 1.54. ATS has a 12-month low of C$45.64 and a 12-month high of C$64.80.

ATS (TSE:ATSGet Free Report) last released its earnings results on Wednesday, November 8th. The company reported C$0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.67 by C($0.04). The firm had revenue of C$735.72 million during the quarter, compared to analysts’ expectations of C$718.23 million. ATS had a return on equity of 12.21% and a net margin of 5.47%. As a group, analysts predict that ATS will post 2.918 EPS for the current fiscal year.

ATS Company Profile

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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.

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Analyst Recommendations for ATS (TSE:ATS)

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