Brokerages Set ATS Co. (TSE:ATS) PT at C$65.43

ATS Co. (TSE:ATS) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$65.43.

A number of research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and issued a C$65.00 target price on shares of ATS in a research note on Monday, February 5th. Stifel Nicolaus restated a “buy” rating and issued a C$68.00 target price (down from C$73.00) on shares of ATS in a research note on Tuesday, April 16th. Cormark cut their target price on ATS from C$68.00 to C$67.00 in a research note on Thursday, February 8th. Scotiabank lowered 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 note on Thursday, February 8th. Finally, Raymond James upped their target price on ATS from C$61.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th.

ATS Trading Up 0.6 %

ATS opened at C$45.10 on Tuesday. ATS has a 1-year low of C$41.12 and a 1-year high of C$64.80. The stock has a market capitalization of C$4.43 billion, a price-to-earnings ratio of 27.50 and a beta of 1.50. The business has a 50 day moving average of C$47.51 and a 200-day moving average of C$51.77.

ATS (TSE:ATS) last posted its quarterly earnings data on Wednesday, February 7th. The company reported C$0.65 earnings per share for the quarter, beating the consensus estimate of C$0.63 by C$0.02. The company 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%. Equities analysts predict that ATS will post 2.5056689 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.