Analysts Set ATS Co. (TSE:ATS) Target Price at C$65.43

ATS Co. (TSE:ATS) has been given an average recommendation of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$65.43.

ATS has been the topic of several recent research reports. TD Securities lowered their target price on shares of ATS from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday, February 9th. National Bankshares dropped their price objective on ATS from C$69.00 to C$65.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Scotiabank cut shares of ATS from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$64.00 to C$61.00 in a research report on Thursday, February 8th. Raymond James increased their price target on shares of ATS from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Cormark lowered their price objective on shares of ATS from C$68.00 to C$67.00 in a research report on Thursday, February 8th.

ATS Price Performance

Shares of TSE ATS opened at C$44.85 on Tuesday. ATS has a fifty-two week low of C$41.12 and a fifty-two week high of C$64.80. The stock has a market capitalization of C$4.40 billion, a price-to-earnings ratio of 27.35 and a beta of 1.50. The business has a 50-day moving average of C$47.66 and a 200-day moving average of C$51.86.

ATS (TSE:ATS) last issued its earnings results on Wednesday, February 7th. The company reported C$0.65 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.63 by C$0.02. The business had revenue of C$752.05 million for the quarter, compared to the consensus estimate of C$727.00 million. ATS had a net margin of 5.88% and a return on equity of 12.98%. On average, sell-side analysts expect 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.