ATS (TSE:ATS) Posts Earnings Results

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

ATS Stock Down 7.2%

ATS stock opened at C$24.59 on Thursday. The business’s fifty day moving average is C$26.32 and its 200-day moving average is C$36.65. The company has a market cap of C$2.41 billion, a P/E ratio of 51.23 and a beta of 0.96. ATS has a twelve month low of C$23.84 and a twelve month high of C$49.48.

Analysts Set New Price Targets

ATS has been the subject of a number of research reports. Desjardins lowered their price objective on ATS from C$52.00 to C$46.00 and set a “buy” rating for the company in a research report on Friday, August 7th. Raymond James Financial dropped their price objective 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. TD Securities downgraded shares of ATS from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Royal Bank Of Canada reduced their target price on shares of ATS from C$50.00 to C$41.00 in a research note on Monday, August 10th. Finally, TD lowered shares of ATS from a “buy” rating to a “hold” rating and reduced their target price for the company from C$49.00 to C$33.00 in a research note on Monday, August 10th. 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.com, ATS currently has an average rating of “Moderate Buy” and an average price target of C$42.25.

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.