ATS Corporation (NYSE:ATS) Receives Average Recommendation of “Hold” from Brokerages

ATS Corporation (NYSE:ATS) has earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $42.50.

A number of equities analysts have recently weighed in on the company. Weiss Ratings raised ATS from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, May 27th. Scotiabank reissued an “outperform” rating on shares of ATS in a research report on Tuesday, April 28th. Desjardins began coverage on shares of ATS in a research note on Tuesday, June 16th. They set a “buy” rating for the company. Zacks Research lowered shares of ATS from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 9th. Finally, Royal Bank Of Canada reduced their price objective on shares of ATS from $51.00 to $50.00 and set an “outperform” rating for the company in a report on Friday, May 29th.

Hedge Funds Weigh In On ATS

Hedge funds have recently added to or reduced their stakes in the stock. Amundi increased its holdings in ATS by 5.4% during the 1st quarter. Amundi now owns 30,538 shares of the company’s stock worth $770,000 after purchasing an additional 1,562 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of ATS by 79.2% in the first quarter. Goldman Sachs Group Inc. now owns 434,044 shares of the company’s stock valued at $10,821,000 after purchasing an additional 191,842 shares in the last quarter. Jane Street Group LLC boosted its position 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 valued at $1,049,000 after buying an additional 9,636 shares during the last quarter. First Trust Advisors LP grew its holdings in ATS by 2.9% during the second quarter. First Trust Advisors LP now owns 120,088 shares of the company’s stock worth $3,830,000 after buying an additional 3,382 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in ATS during the second quarter worth $43,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Stock Performance

Shares of ATS stock opened at $27.98 on Thursday. The business has a 50-day simple moving average of $31.12 and a 200 day simple moving average of $30.08. ATS has a one year low of $23.84 and a one year high of $35.82. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.64 and a quick ratio of 1.36. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 53.80 and a beta of 1.20.

ATS (NYSE:ATS) last announced its quarterly earnings results on Thursday, May 28th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.06). ATS had a return on equity of 9.40% and a net margin of 2.40%.The firm had revenue of $535.09 million during the quarter, compared to the consensus estimate of $529.43 million. On average, research analysts anticipate that ATS will post 1.38 earnings per share for the current fiscal year.

About ATS

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.