ATS Corporation (NYSE:ATS) Given Consensus Recommendation of “Hold” by Analysts

ATS Corporation (NYSE:ATS) has been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $42.50.

A number of equities research analysts have recently weighed in on the company. Scotiabank reiterated an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Royal Bank Of Canada reduced their target price on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, May 29th. Desjardins began coverage on ATS in a research report on Tuesday, June 16th. They issued a “buy” rating for the company. Zacks Research lowered ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen cut ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Institutional Trading of ATS

A number of hedge funds have recently modified their holdings of ATS. Smartleaf Asset Management LLC purchased a new stake in shares of ATS in the 4th quarter worth about $29,000. Quarry LP purchased a new position in ATS during the 3rd quarter valued at about $32,000. State of Wyoming bought a new stake in ATS during the second quarter worth about $33,000. Raymond James Financial Inc. bought a new stake in ATS during the second quarter worth about $43,000. Finally, Barclays PLC grew its holdings in ATS by 16.8% in the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after purchasing an additional 756 shares during the period. Institutional investors own 75.84% of the company’s stock.

ATS Stock Performance

Shares of ATS stock opened at $20.15 on Friday. The company has a market capitalization of $1.98 billion, a P/E ratio of 59.26 and a beta of 1.22. ATS has a fifty-two week low of $19.14 and a fifty-two week high of $35.82. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. The stock has a 50 day moving average price of $26.63 and a two-hundred day moving average price of $29.54.

ATS (NYSE:ATS) last issued its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.03). The firm had revenue of $488.38 million during the quarter, compared to the consensus estimate of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 EPS. Analysts expect that ATS will post 1.34 earnings per share for the current year.

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.