Stifel Nicolaus Reaffirms “Buy” Rating for ATS (TSE:ATS)

Stifel Nicolaus reissued their buy rating on shares of ATS (TSE:ATS) in a report released on Tuesday morning, MarketBeat reports. Stifel Nicolaus currently has a C$68.00 target price on the stock, down from their previous target price of C$73.00.

ATS has been the topic of several other research reports. National Bankshares cut their target price on ATS from C$69.00 to C$65.00 and set an outperform rating on the stock in a research report on Thursday, February 8th. Cormark cut their target price on ATS from C$68.00 to C$67.00 in a research report on Thursday, February 8th. TD Securities cut their target price on ATS from C$70.00 to C$67.00 and set a buy rating on the stock in a research report on Friday, February 9th. Scotiabank cut ATS from an outperform rating to a sector perform rating and cut their target price for the company from C$64.00 to C$61.00 in a research report on Thursday, February 8th. Finally, Royal Bank of Canada reaffirmed an outperform rating and set a C$65.00 target price on shares of ATS in a research report on Monday, February 5th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, ATS currently has a consensus rating of Moderate Buy and a consensus price target of C$65.43.

ATS Stock Performance

Shares of ATS stock opened at C$43.46 on Tuesday. ATS has a 52 week low of C$41.12 and a 52 week high of C$64.80. The stock has a 50 day moving average price of C$48.52 and a two-hundred day moving average price of C$52.22. The stock has a market capitalization of C$4.27 billion, a PE ratio of 26.50 and a beta of 1.50.

ATS (TSE:ATS) last announced its quarterly earnings data on Wednesday, February 7th. The company reported C$0.65 EPS for the quarter, beating analysts’ consensus estimates of C$0.63 by C$0.02. The firm had revenue of C$752.05 million during the quarter, compared to analysts’ expectations of C$727.00 million. ATS had a return on equity of 12.98% and a net margin of 5.88%. Research analysts forecast that ATS will post 2.5056689 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.