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

ATS Co. (TSE:ATS) has been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$65.43.

A number of equities research analysts have commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a C$65.00 price objective on shares of ATS in a research note on Monday, February 5th. Stifel Nicolaus restated a “buy” rating and issued a C$68.00 target price (down previously from C$73.00) on shares of ATS in a report on Tuesday, April 16th. Raymond James raised their target price on ATS from C$61.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. National Bankshares dropped their target price on ATS from C$69.00 to C$65.00 and set an “outperform” rating on the stock in a report on Thursday, February 8th. Finally, Cormark dropped their target price on ATS from C$68.00 to C$67.00 in a report on Thursday, February 8th.

ATS Price Performance

TSE ATS opened at C$45.10 on Tuesday. ATS has a one year low of C$41.12 and a one year high of C$64.80. The business has a 50 day simple moving average of C$47.51 and a 200 day simple moving average of C$51.77. The stock has a market capitalization of C$4.43 billion, a P/E ratio of 27.50 and a beta of 1.50.

ATS (TSE:ATS) last announced its quarterly earnings data on Wednesday, February 7th. The company reported C$0.65 EPS for the quarter, beating 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 firm had revenue of C$752.05 million during the quarter, compared to analysts’ expectations of C$727.00 million. Equities analysts expect that ATS will post 2.5056689 earnings per share 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.