Stifel Nicolaus Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price objective reduced by stock analysts at Stifel Nicolaus from C$58.00 to C$52.00 in a report issued on Thursday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 29.81% from the stock’s current price.

ATS has been the subject of several other reports. Royal Bank of Canada reduced their price objective on ATS from C$55.00 to C$54.00 in a research report on Monday, October 7th. Raymond James reduced their price target on 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. Finally, Cormark lowered their price target on ATS from C$59.00 to C$56.00 in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$54.29.

ATS Stock Performance

Shares of ATS opened at C$40.06 on Thursday. The firm has a fifty day moving average of C$39.55 and a 200-day moving average of C$41.60. The company has a market cap of C$3.89 billion, a price-to-earnings ratio of 21.89 and a beta of 1.36. ATS has a 1 year low of C$33.47 and a 1 year high of C$60.01.

ATS (TSE:ATS) last posted its earnings results on Thursday, August 8th. The company reported C$0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). ATS had a net margin of 6.10% and a return on equity of 11.30%. The firm had revenue of C$694.30 million for 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.