ATS Corporation (NYSE:ATS) Receives Consensus Recommendation of “Hold” from Analysts

ATS Corporation (NYSE:ATS) has been given an average rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $42.50.

Several brokerages recently issued reports on ATS. Weiss Ratings raised shares of ATS from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 20th. Desjardins assumed coverage on ATS in a report on Tuesday, June 16th. They set a “buy” rating on the stock. Zacks Research cut shares of ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. TD Securities downgraded shares of ATS from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Wall Street Zen cut shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of ATS by 1.5% in the first quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock valued at $218,884,000 after acquiring an additional 117,291 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of ATS by 4.1% in the 1st quarter. EdgePoint Investment Group Inc. now owns 7,168,112 shares of the company’s stock valued at $202,081,000 after buying an additional 279,327 shares during the period. Vanguard Group Inc. grew its position in shares of ATS by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock worth $93,582,000 after buying an additional 55,731 shares in the last quarter. Jupiter Topco LLC acquired a new position in shares of ATS during the second quarter worth about $66,908,000. Finally, Janus Henderson Group PLC increased its stake in shares of ATS by 166.5% during the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after buying an additional 1,435,375 shares during the period. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Price Performance

ATS stock opened at $19.41 on Tuesday. The stock has a market capitalization of $1.90 billion, a P/E ratio of 57.09 and a beta of 1.17. The company’s fifty day moving average price is $22.97 and its 200 day moving average price is $27.84. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. ATS has a 1 year low of $18.41 and a 1 year high of $35.82.

ATS (NYSE:ATS) last released its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a net margin of 1.60% and a return on equity of 8.96%. The firm had revenue of $488.38 million during the quarter, compared to analysts’ expectations of $509.71 million. During the same quarter last year, the business earned $0.41 EPS. The business’s revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that ATS will post 1.12 earnings per share for the current fiscal year.

ATS Company Profile

ATS Corporation (NYSE: ATS) is a Canadian automation and technology company that designs, builds and services customized manufacturing systems. The company helps manufacturers automate production, assembly, testing, inspection, packaging and material-handling processes, with solutions tailored to complex and high-volume applications.

ATS serves a range of industries, including life sciences, pharmaceuticals, medical devices, transportation, electric vehicles, energy, consumer products and industrial manufacturing.