Analysts Set ATS Co. (TSE:ATS) Price Target at C$54.29

Shares of ATS Co. (TSE:ATS) have received an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$54.29.

A number of equities research analysts have recently issued reports on the stock. Raymond James cut their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Royal Bank of Canada cut their price objective on shares of ATS from C$52.00 to C$48.00 in a research note on Thursday, November 7th. Stifel Nicolaus cut their price objective on shares of ATS from C$58.00 to C$52.00 in a research note on Thursday, November 7th. Finally, TD Securities cut their price objective on shares of ATS from C$63.00 to C$57.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

ATS Trading Down 0.4 %

ATS stock opened at C$39.76 on Thursday. The firm has a 50 day moving average of C$42.57 and a 200-day moving average of C$40.81. ATS has a 12 month low of C$33.47 and a 12 month high of C$60.01. The firm has a market capitalization of C$3.86 billion, a P/E ratio of 21.73 and a beta of 1.36.

ATS (TSE:ATS) last announced its earnings results on Wednesday, November 6th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.34 by C($0.09). ATS had a net margin of 6.10% and a return on equity of 11.30%. During the same quarter in the prior year, the business earned $0.63 EPS.

About ATS

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products.