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

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

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

Institutional Trading of ATS

A number of hedge funds and other institutional investors have recently modified their holdings of ATS. Smartleaf Asset Management LLC acquired a new stake in shares of ATS in the fourth quarter valued at $29,000. Quarry LP bought a new position in ATS during the third quarter valued at about $32,000. State of Wyoming acquired a new position in ATS during the first quarter worth about $34,000. Raymond James Financial Inc. acquired a new position in ATS during the second quarter worth about $43,000. Finally, Barclays PLC raised its position in ATS by 16.8% in 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. Institutional investors own 75.84% of the company’s stock.

ATS Price Performance

Shares of ATS opened at $28.28 on Thursday. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 54.39 and a beta of 1.21. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.36 and a current ratio of 1.64. ATS has a one year low of $23.84 and a one year high of $35.82. The stock’s fifty day moving average is $30.75 and its 200-day moving average is $30.11.

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