ATS Corporation (NYSE:ATS) Given Average Rating of “Hold” by Brokerages

ATS Corporation (NYSE:ATS) has earned a consensus recommendation of “Hold” from the five research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $35.00.

Several brokerages have recently weighed in on ATS. Zacks Research upgraded shares of ATS from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 14th. TD Securities reissued a “buy” rating on shares of ATS in a report on Monday. Scotiabank raised ATS from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. increased their price objective on shares of ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research note on Wednesday.

ATS Price Performance

NYSE ATS traded down $0.31 on Monday, reaching $29.37. 27,151 shares of the company’s stock traded hands, compared to its average volume of 128,820. The stock has a market cap of $2.88 billion, a PE ratio of -2,934.07 and a beta of 1.21. The stock has a 50-day simple moving average of $27.49 and a 200 day simple moving average of $27.79. ATS has a 12 month low of $20.90 and a 12 month 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.

ATS (NYSE:ATS) last issued its quarterly earnings data 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 analyst estimates of $721.51 million. ATS had a negative net margin of 0.08% and a positive return on equity of 8.82%. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. As a group, research analysts predict that ATS will post 1.02 earnings per share for the current year.

Institutional Trading of ATS

A number of institutional investors have recently bought and sold shares of ATS. EdgePoint Investment Group Inc. raised its stake in ATS by 28.2% during the second quarter. EdgePoint Investment Group Inc. now owns 6,434,005 shares of the company’s stock worth $205,330,000 after purchasing an additional 1,416,009 shares during the period. Vanguard Group Inc. increased its stake in ATS by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,341,435 shares of the company’s stock worth $87,419,000 after buying an additional 69,334 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in ATS by 19.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,369,028 shares of the company’s stock worth $75,603,000 after purchasing an additional 392,874 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of ATS by 2.5% during the second quarter. Burgundy Asset Management Ltd. now owns 1,812,147 shares of the company’s stock worth $57,687,000 after buying an additional 43,365 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of ATS by 17.5% in the 2nd quarter. Mackenzie Financial Corp now owns 1,410,833 shares of the company’s stock valued at $45,023,000 after purchasing an additional 210,570 shares in the last quarter. 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.