ATS (TSE:ATS) Earns Buy Rating from Stifel Nicolaus

ATS (TSE:ATS)‘s stock had its “buy” rating restated by investment analysts at Stifel Nicolaus in a research note issued to investors on Tuesday, Stock Target Advisor reports. They currently have a C$68.00 price target on the stock. Stifel Nicolaus’ target price indicates a potential upside of 63.89% from the company’s previous close.

ATS has been the subject of several other reports. TD Securities lowered their price objective on shares of ATS from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday, February 9th. Scotiabank downgraded shares of ATS from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$64.00 to C$61.00 in a report on Thursday, February 8th. Cormark lowered their price target on shares of ATS from C$68.00 to C$67.00 in a report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and set a C$65.00 price target on shares of ATS in a report on Monday, February 5th. Finally, Raymond James upped their target price on ATS from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$65.43.

ATS Stock Performance

ATS stock opened at C$41.49 on Tuesday. ATS has a 52 week low of C$41.26 and a 52 week high of C$64.80. The stock has a market capitalization of C$4.07 billion, a P/E ratio of 25.30 and a beta of 1.50. The stock has a 50-day simple moving average of C$49.44 and a 200 day simple moving average of C$52.48.

ATS (TSE:ATS) last issued its quarterly earnings data on Wednesday, February 7th. The company reported C$0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of C$727.00 million. Research analysts forecast that ATS will post 2.5056689 earnings per share 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.