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

Shares of ATS Corporation (NYSE:ATS) have been assigned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $42.50.

ATS has been the topic of several analyst reports. Wall Street Zen lowered shares of ATS from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 20th. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Royal Bank Of Canada decreased their target price on shares of ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, May 29th. Finally, Desjardins assumed coverage on shares of ATS in a research report on Tuesday, June 16th. They issued a “buy” rating for the company.

ATS Price Performance

Shares of NYSE:ATS opened at $19.61 on Tuesday. The firm has a market capitalization of $1.92 billion, a PE ratio of 57.68 and a beta of 1.17. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. ATS has a 1-year low of $18.41 and a 1-year high of $35.82. The business’s 50 day moving average is $23.86 and its 200-day moving average is $28.30.

ATS (NYSE:ATS) last issued its earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The firm had revenue of $488.38 million during the quarter, compared to analyst estimates of $509.71 million. ATS had a net margin of 1.60% and a return on equity of 8.96%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Sell-side analysts predict that ATS will post 1.12 earnings per share for the current year.

Institutional Investors Weigh In On ATS

Large investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. lifted its position in shares of ATS by 3.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,683,683 shares of the company’s stock worth $47,431,000 after buying an additional 49,234 shares during the period. Susquehanna International Group LLP acquired a new stake in ATS in the 2nd quarter valued at $1,001,000. Van ECK Associates Corp grew its position in ATS by 91.6% in the second quarter. Van ECK Associates Corp now owns 46,507 shares of the company’s stock valued at $1,339,000 after acquiring an additional 22,236 shares during the period. Hill City Capital LP acquired a new position in ATS during the second quarter worth $47,482,884. Finally, Public Employees Retirement System of Ohio acquired a new position in ATS during the second quarter worth $817,000. 75.84% of the stock is currently 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.