ATS Co. (TSE:ATS) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• ATS has a “Moderate Buy” consensus from eight analysts, with six buy ratings and two holds. The average 1-year price target is C$42.25, although several firms recently lowered their targets.
• ATS shares opened at C$26.50, near their 52-week low of C$24.40 and well below the C$49.48 high. The stock’s 200-day moving average is C$35.51, and its market capitalization is approximately C$2.60 billion.
• For its latest quarter, ATS reported EPS of C$0.35 and revenue of C$698.30 million, alongside a 1.61% net margin and 2.66% return on equity.

Shares of ATS Co. (TSE:ATS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$42.25.

ATS has been the topic of a number of research analyst reports. TD Securities downgraded ATS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 10th. Royal Bank Of Canada decreased their price objective on ATS from C$50.00 to C$41.00 in a research report on Monday, August 10th. Raymond James Financial lowered their price objective on ATS from C$46.00 to C$33.00 and set an "outperform" rating for the company in a research note on Friday, August 7th. Stifel Nicolaus dropped their target price on ATS from C$52.00 to C$44.00 and set a "buy" rating for the company in a report on Friday, August 7th. Finally, Desjardins cut their target price on ATS from C$52.00 to C$46.00 and set a "buy" rating on the stock in a research report on Friday, August 7th.

ATS Stock Performance

Shares of ATS stock opened at C$26.50 on Monday. ATS has a 52-week low of C$24.40 and a 52-week high of C$49.48. The stock has a fifty day simple moving average of C$26.45 and a two-hundred day simple moving average of C$35.51. The firm has a market capitalization of C$2.60 billion, a PE ratio of 55.21 and a beta of 1.18.

ATS (TSE:ATS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$0.35 EPS for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%. The company had revenue of C$698.30 million for the quarter.

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.

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