ATS (TSE:ATS) Given New C$52.00 Price Target at Stifel Nicolaus

ATS (TSE:ATS) had its price target decreased by equities research analysts at Stifel Nicolaus from C$58.00 to C$52.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 29.19% from the company’s current price.

ATS has been the subject of several other research reports. Raymond James lowered their price target on shares of ATS from C$58.00 to C$52.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Cormark lowered their target price on shares of ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. Finally, Royal Bank of Canada cut their price target on ATS from C$55.00 to C$54.00 in a research note on Monday, October 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$55.14.

ATS Stock Performance

ATS traded down C$0.46 during mid-day trading on Thursday, reaching C$40.25. The stock had a trading volume of 174,866 shares, compared to its average volume of 244,129. The firm’s fifty day simple moving average is C$39.46 and its two-hundred day simple moving average is C$41.61. The stock has a market capitalization of C$3.91 billion, a P/E ratio of 22.01 and a beta of 1.36. ATS has a 52 week low of C$33.47 and a 52 week high of C$60.01.

ATS (TSE:ATS) last announced its quarterly earnings data 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 11.30% and a net margin of 6.10%. The firm had revenue of C$694.30 million during the quarter, compared to analyst estimates of C$689.19 million.

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.