ATS (TSE:ATS) Price Target Lowered to C$48.00 at Raymond James

ATS (TSE:ATS) had its price objective decreased by Raymond James from C$52.00 to C$48.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Other analysts have also issued reports about the company. Stifel Nicolaus cut their price objective on ATS from C$58.00 to C$52.00 in a report on Thursday. Cormark cut their price objective on shares of ATS from C$59.00 to C$56.00 in a research report on Friday, August 9th. Finally, Royal Bank of Canada cut their price target on ATS from C$52.00 to C$48.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$55.14.

ATS Trading Up 2.7 %

Shares of TSE ATS traded up C$1.11 during midday trading on Thursday, reaching C$41.54. The company’s stock had a trading volume of 59,101 shares, compared to its average volume of 243,893. The company has a market cap of C$4.04 billion, a price-to-earnings ratio of 22.09 and a beta of 1.36. ATS has a one year low of C$33.47 and a one year high of C$60.01. The company has a 50 day moving average price of C$39.46 and a 200 day moving average price of C$41.61.

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). ATS had a net margin of 6.10% and a return on equity of 11.30%. The firm had revenue of C$694.30 million for the quarter, compared to analyst estimates of C$689.19 million.

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.