ATS Co. (TSE:ATS) Receives Average Recommendation of “Moderate Buy” from Brokerages

ATS Co. (TSE:ATS) has earned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$65.43.

Several research firms have commented on ATS. TD Securities dropped their price objective on shares of ATS from C$70.00 to C$67.00 and set a “buy” rating on the stock in a report on Friday, February 9th. Royal Bank of Canada reissued an “outperform” rating and set a C$65.00 target price on shares of ATS in a report on Monday, February 5th. National Bankshares cut their price target on ATS from C$69.00 to C$65.00 and set an “outperform” rating for the company in a report on Thursday, February 8th. Raymond James boosted their price objective on ATS from C$61.00 to C$65.00 and gave the company an “outperform” rating in a research note on Thursday, February 8th. Finally, Cormark cut their target price on ATS from C$68.00 to C$67.00 in a research note on Thursday, February 8th.

ATS Stock Performance

Shares of ATS stock opened at C$43.22 on Tuesday. The firm has a market cap of C$4.24 billion, a price-to-earnings ratio of 26.35 and a beta of 1.50. ATS has a 52 week low of C$41.12 and a 52 week high of C$64.80. The firm’s 50-day simple moving average is C$48.08 and its two-hundred day simple moving average is C$52.02.

ATS (TSE:ATS) last posted its quarterly earnings results on Wednesday, February 7th. The company reported C$0.65 EPS for the quarter, topping analysts’ consensus estimates of C$0.63 by C$0.02. The company had revenue of C$752.05 million for the quarter, compared to analysts’ expectations of C$727.00 million. ATS had a net margin of 5.88% and a return on equity of 12.98%. Analysts forecast that ATS will post 2.5056689 earnings per share for the current year.

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.