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

Shares of ATS Corporation (NYSE:ATS) have been assigned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $42.50.

A number of analysts recently commented on the company. Weiss Ratings raised ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Zacks Research downgraded ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Royal Bank Of Canada lowered their target price on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday, May 29th. Finally, Desjardins began coverage on shares of ATS in a research report on Tuesday, June 16th. They set a “buy” rating for the company.

ATS Stock Up 2.4%

ATS opened at $27.98 on Thursday. ATS has a fifty-two week low of $23.84 and a fifty-two week high of $35.82. The firm has a market capitalization of $2.74 billion, a P/E ratio of 53.80 and a beta of 1.20. The company’s 50-day moving average is $31.12 and its 200 day moving average is $30.08. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.36.

ATS (NYSE:ATS) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). ATS had a net margin of 2.40% and a return on equity of 9.40%. The firm had revenue of $535.09 million during the quarter, compared to analysts’ expectations of $529.43 million. Research analysts expect that ATS will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC bought a new stake in shares of ATS in the 4th quarter worth approximately $29,000. Quarry LP bought a new position in ATS during the third quarter valued at $32,000. State of Wyoming bought a new position in ATS during the first quarter valued at $34,000. Raymond James Financial Inc. purchased a new stake in ATS in the second quarter worth $43,000. Finally, Barclays PLC raised its stake in shares of ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock valued at $145,000 after buying an additional 756 shares during the period. 75.84% of the stock is owned by institutional investors.

ATS Company Profile

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.