ATS (TSE:ATS – Get Free Report) had its target price reduced by investment analysts at Cormark from C$59.00 to C$56.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. Cormark’s target price indicates a potential upside of 49.61% from the company’s previous close.
Several other analysts have also recently issued reports on ATS. Royal Bank of Canada decreased their price objective on ATS from C$59.00 to C$55.00 in a report on Friday. Scotiabank lowered their price objective on shares of ATS from C$61.00 to C$54.00 and set a “sector perform” rating for the company in a research report on Friday, May 17th. Stifel Nicolaus reduced their target price on shares of ATS from C$65.00 to C$60.00 in a report on Friday. Raymond James decreased their target price on shares of ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. Finally, TD Securities dropped their price target on ATS from C$67.00 to C$63.00 and set a “buy” rating for the company in a research report on Friday, May 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$59.00.
Read Our Latest Research Report on ATS
ATS Stock Down 2.5 %
ATS (TSE:ATS – Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). ATS had a return on equity of 13.80% and a net margin of 6.39%. The business had revenue of C$694.30 million during the quarter, compared to analysts’ expectations of C$689.19 million. Equities analysts forecast that ATS will post 2.0152792 earnings per share 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.
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