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

Stifel Nicolaus reaffirmed their buy rating on shares of ATS (TSE:ATS) in a research note released on Tuesday, MarketBeat Ratings reports. They currently have a C$68.00 price target on the stock, down from their previous price target of C$73.00.

A number of other equities analysts have also weighed in on the company. National Bankshares reduced their price objective on ATS from C$69.00 to C$65.00 and set an outperform rating for the company in a research note on Thursday, February 8th. Raymond James lifted their price objective 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. Royal Bank of Canada reiterated an outperform rating and set a C$65.00 price objective on shares of ATS in a research note on Monday, February 5th. Cormark reduced their price objective on ATS from C$68.00 to C$67.00 in a research note on Thursday, February 8th. Finally, TD Securities cut their price target on ATS from C$70.00 to C$67.00 and set a buy rating for the company in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of C$65.43.

ATS Stock Performance

Shares of ATS opened at C$42.82 on Tuesday. The stock has a 50-day moving average of C$48.29 and a two-hundred day moving average of C$52.14. ATS has a one year low of C$41.12 and a one year high of C$64.80. The stock has a market cap of C$4.20 billion, a P/E ratio of 26.11 and a beta of 1.50.

ATS (TSE:ATS) last issued its quarterly earnings results on Wednesday, February 7th. The company reported C$0.65 EPS for the quarter, topping analysts’ consensus estimates 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%. Analysts predict that ATS will post 2.5056689 EPS for the current fiscal 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.