ATS (TSE:ATS) Hits New 12-Month Low at $37.15

ATS Co. (TSE:ATS) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$37.15 and last traded at C$37.19, with a volume of 147988 shares. The stock had previously closed at C$38.25.

Analysts Set New Price Targets

A number of research analysts have recently commented on ATS shares. TD Securities lowered their price objective on ATS from C$67.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Royal Bank of Canada lowered their price target on ATS from C$59.00 to C$55.00 in a report on Friday. Cormark reduced their price objective on shares of ATS from C$59.00 to C$56.00 in a research note on Friday. Stifel Nicolaus lowered their target price on shares of ATS from C$65.00 to C$60.00 in a research note on Friday. Finally, Raymond James dropped their target price on shares of ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a report on Friday, May 17th. One investment 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, ATS has an average rating of “Moderate Buy” and a consensus target price of C$59.00.

ATS Stock Performance

The company’s 50 day moving average price is C$43.18 and its 200 day moving average price is C$46.83. The company has a market cap of C$3.67 billion, a price-to-earnings ratio of 19.16 and a beta of 1.36.

ATS (TSE:ATS) last released its quarterly earnings results 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). The firm had revenue of C$694.30 million during the quarter, compared to analyst estimates of C$689.19 million. ATS had a net margin of 6.39% and a return on equity of 13.80%. As a group, analysts predict that ATS Co. will post 2.0152792 EPS for the current 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.