ATS Co. (TSE:ATS) Receives C$65.43 Consensus Price Target from Analysts

Shares of ATS Co. (TSE:ATS - Get Free Report) have earned an average rating of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$65.43.

Several research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a "buy" rating and issued a C$68.00 target price (down from C$73.00) on shares of ATS in a report on Tuesday, April 16th. Raymond James boosted their price objective on shares of ATS from C$61.00 to C$65.00 and gave the company an "outperform" rating in a report on Thursday, February 8th. National Bankshares lowered their price objective on shares of ATS from C$69.00 to C$65.00 and set an "outperform" rating on the stock in a research report on Thursday, February 8th. Scotiabank downgraded shares of ATS from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$64.00 to C$61.00 in a research report on Thursday, February 8th. Finally, Cormark lowered their price objective on shares of ATS from C$68.00 to C$67.00 in a research report on Thursday, February 8th.

ATS Stock Performance

Shares of ATS stock traded up C$1.83 on Tuesday, hitting C$45.05. 669,445 shares of the company's stock traded hands, compared to its average volume of 222,076. The stock has a market capitalization of C$4.42 billion, a price-to-earnings ratio of 27.47 and a beta of 1.50. ATS has a one year low of C$41.12 and a one year high of C$64.80. The company's fifty day simple moving average is C$47.93 and its 200 day simple moving average is C$51.95.

ATS (TSE:ATS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The company reported C$0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.63 by C$0.02. The business had revenue of C$752.05 million for the quarter, compared to analyst estimates of C$727.00 million. ATS had a net margin of 5.88% and a return on equity of 12.98%. As a group, sell-side analysts anticipate that ATS will post 2.5056689 earnings per share for the current fiscal year.

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.