ATS (TSE:ATS) Price Target Cut to C$62.00

Posted by on Nov 5th, 2023

ATS (TSE:ATS – Get Free Report) had its price target reduced by TD Securities from C$70.00 to C$62.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 31.91% from the company’s current price.

Several other analysts have also commented on the company. Royal Bank of Canada set a C$69.00 price objective on ATS and gave the company an “outperform” rating in a report on Monday, September 25th. Raymond James decreased their price objective on shares of ATS from C$67.00 to C$61.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Finally, Scotiabank increased their price objective on shares of ATS from C$69.00 to C$70.00 and gave the company an “outperform” rating in a report on Monday, September 25th.

Check Out Our Latest Stock Analysis on ATS

ATS Trading Up 2.6 %

ATS stock opened at C$47.00 on Friday. ATS has a one year low of C$40.75 and a one year high of C$64.80. The firm has a market cap of C$4.65 billion, a P/E ratio of 32.19 and a beta of 1.52.

ATS (TSE:ATS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 9th. The company reported C$0.69 earnings per share for the quarter, beating the consensus estimate of C$0.64 by C$0.05. The firm had revenue of C$753.65 million during the quarter, compared to analyst estimates of C$722.40 million. ATS had a return on equity of 10.81% and a net margin of 4.99%. Research analysts predict that ATS will post 2.712585 earnings per share for the current year.

About ATS

(Get Free Report)

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.

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