ATS (TSE:ATS) Reaches New 1-Year Low at $36.03

ATS Co. (TSE:ATS) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$36.03 and last traded at C$36.44, with a volume of 10570 shares trading hands. The stock had previously closed at C$36.61.

Analyst Ratings Changes

Several brokerages have weighed in on ATS. Scotiabank decreased their price objective on shares of ATS from C$61.00 to C$54.00 and set a “sector perform” rating for the company in a report on Friday, May 17th. TD Securities dropped their price target on ATS from C$67.00 to C$63.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Raymond James dropped their price target on ATS from C$65.00 to C$60.00 and set an “outperform” rating on the stock in a research report on Friday, May 17th. Royal Bank of Canada reduced their price objective on ATS from C$59.00 to C$55.00 in a research report on Friday, August 9th. Finally, Stifel Nicolaus cut their target price on ATS from C$65.00 to C$60.00 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$59.00.

ATS Stock Up 0.4 %

The firm has a market cap of C$3.57 billion, a price-to-earnings ratio of 20.01 and a beta of 1.36. The stock’s 50 day moving average is C$41.54 and its 200 day moving average is C$44.99.

ATS (TSE:ATS) last announced its earnings results on Thursday, August 8th. The company reported C$0.50 EPS for the quarter, missing the consensus estimate of C$0.53 by C($0.03). ATS had a return on equity of 11.30% and a net margin of 6.10%. The firm had revenue of C$694.30 million during the quarter, compared to analyst estimates of C$689.19 million. Analysts anticipate that ATS Co. will post 2.1351351 earnings per share for the current fiscal 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.