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

ATS (TSE:ATS)‘s stock had its “buy” rating reiterated by stock analysts at Stifel Nicolaus in a research report issued on Tuesday, Marketbeat reports. They presently have a C$68.00 price target on the stock, down from their prior price target of C$73.00. Stifel Nicolaus’ target price indicates a potential upside of 63.15% from the stock’s current price.

Several other equities research analysts have also weighed in on ATS. Scotiabank lowered ATS from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$64.00 to C$61.00 in a research note on Thursday, February 8th. TD Securities lowered their price objective on ATS from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research note on Friday, February 9th. National Bankshares decreased their price target 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. Royal Bank of Canada restated an “outperform” rating and set a C$65.00 price target on shares of ATS in a research report on Monday, February 5th. Finally, Cormark decreased their price target on ATS from C$68.00 to C$67.00 in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$65.43.

ATS Stock Performance

TSE ATS opened at C$41.68 on Tuesday. ATS has a twelve month low of C$41.12 and a twelve month high of C$64.80. The stock has a market capitalization of C$4.09 billion, a PE ratio of 25.41 and a beta of 1.50. The stock has a 50-day simple moving average of C$48.75 and a 200 day simple moving average of C$52.29.

ATS (TSE:ATS) last released 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. ATS had a return on equity of 12.98% and a net margin of 5.88%. The company had revenue of C$752.05 million for the quarter, compared to analyst estimates of C$727.00 million. As a group, equities research analysts forecast that ATS will post 2.5056689 EPS for the current fiscal 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.