ATS Corporation (NYSE:ATS) Receives Average Rating of “Hold” from Analysts

ATS Corporation (NYSE:ATS) has received an average rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.00.

A number of equities research analysts have issued reports on ATS shares. Zacks Research raised shares of ATS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a research note on Thursday. Wall Street Zen raised ATS from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. TD Securities restated a “buy” rating on shares of ATS in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ATS in a research report on Wednesday, January 21st.

ATS Trading Down 1.6%

NYSE:ATS opened at $28.43 on Monday. The stock has a market cap of $2.79 billion, a PE ratio of -2,839.66 and a beta of 1.21. ATS has a fifty-two week low of $20.90 and a fifty-two week high of $32.73. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.63 and a quick ratio of 1.34. The stock’s 50-day moving average is $27.92 and its two-hundred day moving average is $27.79.

ATS (NYSE:ATS) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The business had revenue of $524.03 million during the quarter, compared to analysts’ expectations of $721.51 million. ATS had a negative net margin of 0.08% and a positive return on equity of 8.82%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. As a group, equities research analysts forecast that ATS will post 1.02 earnings per share for the current fiscal year.

Institutional Trading of ATS

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in shares of ATS during the 3rd quarter worth $32,000. Raymond James Financial Inc. bought a new stake in ATS in the second quarter worth $43,000. State of Wyoming acquired a new position in ATS during the third quarter worth $112,000. Vanguard Personalized Indexing Management LLC bought a new position in ATS during the second quarter valued at about $233,000. Finally, SkyView Investment Advisors LLC bought a new position in ATS during the second quarter valued at about $237,000. 75.84% of the stock is currently owned by institutional investors and hedge funds.

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.