ATS Co. (TSE:ATS) Receives C$58.57 Average PT from Brokerages

ATS Co. (TSE:ATS) has received a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$58.57.

ATS has been the topic of several recent analyst reports. Cormark dropped their price target on ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Stifel Nicolaus dropped their target price on shares of ATS from C$60.00 to C$58.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, Royal Bank of Canada reduced their price target on shares of ATS from C$55.00 to C$54.00 in a report on Monday, October 7th.

ATS Trading Up 1.3 %

TSE ATS opened at C$44.06 on Tuesday. ATS has a 1 year low of C$33.47 and a 1 year high of C$60.01. The company has a fifty day simple moving average of C$38.12 and a 200 day simple moving average of C$41.66. The company has a market cap of C$4.28 billion, a P/E ratio of 24.08 and a beta of 1.36.

ATS (TSE:ATS) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). The firm had revenue of C$694.30 million for the quarter, compared to the consensus estimate of C$689.19 million. ATS had a net margin of 6.10% and a return on equity of 11.30%. Equities research analysts forecast that ATS will post 2.0959036 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.