ATS Corporation (NYSE:ATS) Receives Consensus Rating of “Hold” from Brokerages

ATS Corporation (NYSE:ATS) has earned an average rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.50.

A number of equities research analysts have recently issued reports on ATS shares. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Zacks Research downgraded ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada cut their price target on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 29th. Finally, Wall Street Zen cut ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th.

Institutional Investors Weigh In On ATS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in ATS by 1.5% during the 1st quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock worth $218,884,000 after acquiring an additional 117,291 shares during the period. EdgePoint Investment Group Inc. boosted its position in shares of ATS by 4.1% in the first quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock worth $202,081,000 after purchasing an additional 279,327 shares during the period. Vanguard Group Inc. boosted its position in shares of ATS by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock worth $93,582,000 after purchasing an additional 55,731 shares during the period. Bank of Montreal Can increased its stake in shares of ATS by 187.1% in the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock worth $83,269,000 after purchasing an additional 1,970,040 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after purchasing an additional 1,435,375 shares in the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

ATS Stock Performance

Shares of NYSE ATS opened at $27.62 on Monday. ATS has a 12-month low of $23.84 and a 12-month high of $35.82. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 53.11 and a beta of 1.21. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. The firm has a 50 day moving average of $29.37 and a 200 day moving average of $30.10.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $535.09 million during the quarter, compared to the consensus estimate of $529.43 million. ATS had a return on equity of 9.40% and a net margin of 2.40%. On average, research analysts anticipate that ATS will post 1.38 earnings per share for the current year.

About ATS

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.