Royal Bank of Canada Has Lowered Expectations for ATS (TSE:ATS) Stock Price

ATS (TSE:ATS) had its price target cut by Royal Bank of Canada from C$52.00 to C$48.00 in a report released on Thursday,BayStreet.CA reports.

A number of other analysts also recently weighed in on the stock. Stifel Nicolaus decreased their price target on shares of ATS from C$58.00 to C$52.00 in a research report on Thursday. Raymond James decreased their price objective on shares of ATS from C$58.00 to C$52.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Finally, Cormark cut their target price on shares of ATS from C$59.00 to C$56.00 in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$54.29.

ATS Stock Performance

ATS stock opened at C$40.06 on Thursday. The firm has a market capitalization of C$3.89 billion, a PE ratio of 21.89 and a beta of 1.36. ATS has a one year low of C$33.47 and a one year high of C$60.01. The stock’s 50 day moving average price is C$39.62 and its 200 day moving average price is C$41.57.

ATS (TSE:ATS) last issued its quarterly earnings data on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing analysts’ consensus estimates of C$0.53 by C($0.03). The firm had revenue of C$694.30 million during the quarter, compared to analyst estimates of C$689.19 million. ATS had a return on equity of 11.30% and a net margin of 6.10%.

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.