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

Shares of ATS Corporation (NYSE:ATS) have received a consensus recommendation of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.00.

Several equities analysts have recently issued reports on ATS shares. Zacks Research lowered ATS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Wall Street Zen downgraded ATS from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. JPMorgan Chase & Co. raised their price objective on ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, January 16th. Scotiabank reiterated an “outperform” rating on shares of ATS in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On ATS

A number of institutional investors have recently added to or reduced their stakes in ATS. Amundi lifted its stake in ATS by 5.4% in the 1st quarter. Amundi now owns 30,538 shares of the company’s stock valued at $770,000 after purchasing an additional 1,562 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of ATS by 79.2% during the first quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock worth $10,821,000 after buying an additional 191,842 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of ATS by 29.7% during the first quarter. Jane Street Group LLC now owns 42,085 shares of the company’s stock worth $1,049,000 after buying an additional 9,636 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of ATS during the second quarter worth $281,000. Finally, Franklin Resources Inc. lifted its stake in shares of ATS by 7.3% in the 2nd quarter. Franklin Resources Inc. now owns 17,106 shares of the company’s stock valued at $546,000 after acquiring an additional 1,171 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Stock Performance

NYSE ATS opened at $28.90 on Tuesday. The firm’s 50 day simple moving average is $30.23 and its 200 day simple moving average is $28.07. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 192.68 and a beta of 1.10. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.82. ATS has a 1 year low of $20.90 and a 1 year high of $33.01.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.30 by $0.04. ATS had a net margin of 0.77% and a return on equity of 9.67%. The business had revenue of $553.81 million during the quarter, compared to the consensus estimate of $722.96 million. During the same period in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. As a group, research analysts expect that ATS will post 1.02 earnings per share for the current fiscal 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.