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

ATS (TSE:ATS) had its price target cut by equities research analysts at Stifel Nicolaus from C$44.00 to C$41.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus‘s price target indicates a potential upside of 68.72% from the company’s previous close.

Several other equities research analysts have also commented on the company. TD Securities lowered ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Desjardins dropped their price objective on ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a research note on Friday, August 7th. TD cut ATS from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$49.00 to C$33.00 in a report on Monday, August 10th. Royal Bank Of Canada reduced their price objective on ATS from C$50.00 to C$41.00 in a report on Monday, August 10th. Finally, National Bank Financial decreased their target price on ATS from C$57.00 to C$42.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$36.06.

ATS Stock Performance

ATS stock traded down C$0.29 during trading on Thursday, reaching C$24.30. 381,272 shares of the company were exchanged, compared to its average volume of 319,049. The stock’s 50 day moving average price is C$26.32 and its 200 day moving average price is C$36.65. ATS has a 52-week low of C$23.84 and a 52-week high of C$49.48. The company has a market cap of C$2.38 billion, a P/E ratio of 50.62 and a beta of 0.96.

ATS (TSE:ATS) last issued its earnings results on Wednesday, November 4th. The company reported C($0.05) earnings per share (EPS) for the quarter. ATS had a net margin of 1.61% and a return on equity of 2.66%. The company had revenue of C$665.77 million during the quarter.

About ATS

ATS Corporation is an industry-leading automation solutions provider to many of the world’s most successful companies. ATS uses its extensive knowledge base and global capabilities in custom automation, repeat automation, automation products and value-added solutions including pre-automation and after-sales services, to address the sophisticated manufacturing automation systems and service needs of multinational customers in markets such as life sciences, food & beverage, industrial and consumer, and energy.