ATS Corporation (NYSE:ATS) Given Average Rating of “Hold” by Brokerages

Shares of ATS Corporation (NYSE:ATS) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $35.00.

Several equities analysts recently weighed in on the stock. TD Securities restated a “buy” rating on shares of ATS in a report on Monday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Scotiabank restated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Weiss Ratings restated a “sell (d)” rating on shares of ATS in a report on Monday, April 20th. Finally, Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th.

Institutional Investors Weigh In On ATS

Large investors have recently bought and sold shares of the company. Pictet Asset Management Holding SA increased its position in shares of ATS by 2.6% during the first quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company’s stock worth $461,000 after acquiring an additional 417 shares in the last quarter. Stifel Financial Corp increased its position in shares of ATS by 3.9% during the fourth quarter. Stifel Financial Corp now owns 12,593 shares of the company’s stock worth $347,000 after acquiring an additional 467 shares in the last quarter. Van Berkom & Associates Inc. increased its position in shares of ATS by 0.3% during the third quarter. Van Berkom & Associates Inc. now owns 269,994 shares of the company’s stock worth $7,062,000 after acquiring an additional 734 shares in the last quarter. Barclays PLC increased its position in shares of ATS by 16.8% during the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after acquiring an additional 756 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new stake in shares of ATS during the fourth quarter worth $29,000. Institutional investors own 75.84% of the company’s stock.

ATS Trading Down 2.7%

Shares of NYSE ATS opened at $33.34 on Wednesday. The company’s 50 day simple moving average is $31.10 and its 200 day simple moving average is $29.28. ATS has a fifty-two week low of $23.84 and a fifty-two week high of $35.70. The firm has a market capitalization of $3.27 billion, a P/E ratio of 222.28 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37.

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.