Stifel Nicolaus Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its target price reduced by analysts at Stifel Nicolaus from C$44.00 to C$41.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus‘s price objective would indicate a potential upside of 70.83% from the company’s previous close.

A number of other analysts have also issued reports on ATS. Royal Bank Of Canada dropped their price objective on shares of ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. National Bank Financial decreased their target price on shares of ATS from C$57.00 to C$42.00 and set an “outperform” rating for the company in a research note on Friday, August 7th. TD Securities lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Desjardins cut their price objective on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Finally, Raymond James Financial dropped their target price on ATS from C$46.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, ATS presently has a consensus rating of “Moderate Buy” and an average price target of C$36.06.

ATS Stock Performance

ATS stock traded down C$0.31 during trading on Thursday, reaching C$24.00. 257,883 shares of the company’s stock were exchanged, compared to its average volume of 319,858. The company’s 50-day moving average is C$26.20 and its two-hundred day moving average is C$36.48. ATS has a 52-week low of C$23.84 and a 52-week high of C$49.48. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of 266.67 and a beta of 0.96.

ATS (TSE:ATS) last issued its quarterly earnings data on Wednesday, November 4th. The company reported C($0.05) EPS for the quarter. The company had revenue of C$665.77 million for the quarter. ATS had a return on equity of 0.48% and a net margin of 0.30%.

About ATS

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.