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

ATS Corporation (NYSE:ATSGet Free Report) has received a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $42.50.

A number of research analysts recently commented on ATS shares. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Wall Street Zen lowered ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Scotiabank reiterated an “outperform” rating on shares of ATS in a research note on Tuesday, April 28th. Royal Bank Of Canada dropped their price objective on ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Zacks Research lowered ATS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th.

Get Our Latest Stock Analysis on ATS

ATS News Roundup

Here are the key news stories impacting ATS this week:

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC acquired a new position in ATS during the fourth quarter worth $29,000. State of Wyoming acquired a new position in ATS during the first quarter worth $34,000. Quarry LP acquired a new position in ATS during the third quarter worth $32,000. Raymond James Financial Inc. acquired a new position in ATS during the second quarter worth $43,000. Finally, Barclays PLC raised its stake in 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. 75.84% of the stock is currently owned by institutional investors and hedge funds.

ATS Stock Performance

Shares of NYSE ATS opened at $30.93 on Friday. The business has a fifty day simple moving average of $31.70 and a 200 day simple moving average of $29.76. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 59.48 and a beta of 1.26. ATS has a one year low of $23.84 and a one year high of $35.82.

ATS (NYSE:ATSGet Free Report) last issued its earnings results on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.06). The firm had revenue of $535.09 million during the quarter, compared to analyst estimates of $529.43 million. ATS had a net margin of 2.40% and a return on equity of 9.44%. Sell-side analysts expect that ATS will post 1.5 EPS for the current year.

About ATS

(Get Free Report)

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.

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Analyst Recommendations for ATS (NYSE:ATS)

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