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

ATS Corporation (NYSE:ATS) has earned an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating 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.

ATS has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. JPMorgan Chase & Co. raised their price target on shares of ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, January 16th. TD Securities reaffirmed a “buy” rating on shares of ATS in a research note on Monday, January 26th. Finally, Zacks Research lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC bought a new stake in shares of ATS during the fourth quarter valued at approximately $29,000. Quarry LP acquired a new stake in ATS in the 3rd quarter valued at $32,000. Raymond James Financial Inc. bought a new stake in ATS during the 2nd quarter valued at $43,000. State of Wyoming bought a new stake in ATS during the 3rd quarter valued at $112,000. Finally, Barclays PLC raised its holdings in ATS by 16.8% during the fourth quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after buying an additional 756 shares during the last quarter. 75.84% of the stock is owned by institutional investors and hedge funds.

ATS Price Performance

ATS stock opened at $30.15 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 200.98 and a beta of 1.10. The company’s fifty day simple moving average is $30.41 and its 200 day simple moving average is $28.16. ATS has a 12-month low of $20.90 and a 12-month high of $33.01.

ATS (NYSE:ATS) last issued its quarterly earnings results on Wednesday, February 4th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. ATS had a return on equity of 9.67% and a net margin of 0.77%.The firm had revenue of $553.81 million during the quarter, compared to the consensus estimate of $722.96 million. During the same period last year, the business posted $0.32 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. On average, analysts expect that ATS will post 1.02 earnings per share 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.