ATS (TSE:ATS) Posts Quarterly Earnings Results

ATS (TSE:ATS) posted its quarterly earnings data on Wednesday. The company reported C($0.05) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$665.77 million during the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%.

ATS Stock Performance

Shares of ATS stock traded down C$1.97 during trading hours on Wednesday, hitting C$24.53. The company’s stock had a trading volume of 511,686 shares, compared to its average volume of 314,465. The company has a market cap of C$2.41 billion, a PE ratio of 51.10 and a beta of 0.96. The business has a 50 day moving average price of C$26.37 and a two-hundred day moving average price of C$36.74. ATS has a 12-month low of C$24.00 and a 12-month high of C$49.48.

Analysts Set New Price Targets

Several research firms have issued reports on ATS. Raymond James Financial cut their price target on ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Stifel Nicolaus lowered their price objective on ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. TD downgraded ATS from a “buy” rating to a “hold” rating and cut their price objective for the company from C$49.00 to C$33.00 in a research note on Monday, August 10th. Royal Bank Of Canada cut their price objective on ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. Finally, Desjardins reduced their target price on shares of ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$42.25.

ATS Company Profile

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.