ATS (TSE:ATS) Given "Buy" Rating at Stifel Nicolaus

ATS (TSE:ATS - Get Free Report)'s stock had its "buy" rating reissued by analysts at Stifel Nicolaus in a research note issued on Tuesday, MarketBeat.com reports. They currently have a C$68.00 target price on the stock, down from their prior target price of C$73.00. Stifel Nicolaus' price objective indicates a potential upside of 64.25% from the stock's previous close.

Several other equities analysts have also recently issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a C$65.00 price target on shares of ATS in a research report on Monday, February 5th. Raymond James boosted their price objective on shares of ATS from C$61.00 to C$65.00 and gave the stock an "outperform" rating in a report on Thursday, February 8th. National Bankshares cut their target price on ATS from C$69.00 to C$65.00 and set an "outperform" rating on the stock in a research note on Thursday, February 8th. Cormark reduced their target price on ATS from C$68.00 to C$67.00 in a report on Thursday, February 8th. Finally, Scotiabank downgraded ATS from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from C$64.00 to C$61.00 in a report on Thursday, February 8th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, ATS has an average rating of "Moderate Buy" and an average target price of C$65.43.

ATS Stock Down 0.2 %

Shares of TSE ATS traded down C$0.09 during mid-day trading on Tuesday, reaching C$41.40. 348,481 shares of the company were exchanged, compared to its average volume of 203,864. ATS has a 52 week low of C$41.26 and a 52 week high of C$64.80. The company's 50 day moving average price is C$49.44 and its 200 day moving average price is C$52.48. The stock has a market capitalization of C$4.07 billion, a PE ratio of 25.24 and a beta of 1.50.

ATS (TSE:ATS - Get Free Report) last released its earnings results on Wednesday, February 7th. The company reported C$0.65 earnings per share for the quarter, topping analysts' consensus estimates of C$0.63 by C$0.02. The company had revenue of C$752.05 million during the quarter, compared to the consensus estimate of C$727.00 million. ATS had a return on equity of 12.98% and a net margin of 5.88%. On average, sell-side analysts predict that ATS will post 2.5056689 earnings per share for the current 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.