ATS (TSE:ATS) Given New C$41.00 Price Target at Stifel Nicolaus

ATS (TSE:ATS) had its target price cut by stock analysts at Stifel Nicolaus from C$44.00 to C$41.00 in a research note issued on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target suggests a potential upside of 68.72% from the company’s current price.

ATS has been the subject of several other research reports. TD Securities cut shares of ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Desjardins dropped their price target on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. Raymond James Financial cut their price target on shares of ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a report on Friday, August 7th. TD downgraded shares of ATS from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$49.00 to C$33.00 in a research report on Monday, August 10th. Finally, National Bank Financial lowered their price objective on ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.06.

ATS Stock Down 1.2%

Shares of TSE ATS traded down C$0.29 during mid-day trading on Thursday, hitting C$24.30. 381,272 shares of the company were exchanged, compared to its average volume of 319,049. The stock has a 50 day simple moving average of C$26.32 and a 200-day simple moving average of C$36.65. ATS has a 1-year low of C$23.84 and a 1-year high of C$49.48. The firm has a market cap of C$2.38 billion, a price-to-earnings ratio of 50.62 and a beta of 0.96.

ATS (TSE:ATS) last posted its quarterly earnings data on Wednesday, November 4th. The company reported C($0.05) earnings per share for the quarter. The firm had revenue of C$665.77 million during the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%.

ATS Company Profile

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.