ATS (TSE:ATS) Given New C$48.00 Price Target at Royal Bank of Canada

ATS (TSE:ATS) had its price objective dropped by stock analysts at Royal Bank of Canada from C$52.00 to C$48.00 in a note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price objective indicates a potential upside of 19.25% from the stock’s previous close.

A number of other equities analysts have also recently commented on ATS. Stifel Nicolaus reduced their target price on ATS from C$58.00 to C$52.00 in a report on Thursday. Raymond James reduced their price objective on ATS from C$58.00 to C$52.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th. Finally, Cormark lowered 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 given a buy rating to the company’s stock. According to data from MarketBeat, ATS currently has an average rating of “Moderate Buy” and an average target price of C$55.14.

ATS Stock Performance

Shares of TSE:ATS traded down C$0.46 during midday trading on Thursday, reaching C$40.25. 174,866 shares of the company’s stock traded hands, compared to its average volume of 244,129. The company has a market cap of C$3.91 billion, a P/E ratio of 21.99 and a beta of 1.36. The company has a fifty day simple moving average of C$39.46 and a two-hundred day simple moving average of C$41.61. ATS has a 1 year low of C$33.47 and a 1 year high of C$60.01.

ATS (TSE:ATS) last released its earnings results 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 company had revenue of C$694.30 million for the quarter, compared to analysts’ expectations of C$689.19 million. ATS had a return on equity of 11.30% and a net margin of 6.10%.

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.