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

ATS Corporation (NYSE:ATS) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.50.

Several brokerages have commented on ATS. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, May 27th. Wall Street Zen cut ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Zacks Research cut ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Scotiabank reissued an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada lowered their price target on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, May 29th.

Hedge Funds Weigh In On ATS

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of ATS by 1.5% during the 1st quarter. Royal Bank of Canada now owns 7,761,838 shares of the company’s stock valued at $218,884,000 after buying an additional 117,291 shares during the period. EdgePoint Investment Group Inc. lifted its holdings in shares of ATS by 4.1% during 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. lifted its holdings in shares of ATS by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock valued at $93,582,000 after buying an additional 55,731 shares during the period. Bank of Montreal Can lifted its holdings in shares of ATS by 187.1% during the 4th quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock valued at $83,269,000 after buying an additional 1,970,040 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in ATS by 166.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock worth $64,544,000 after purchasing an additional 1,435,375 shares during the period. 75.84% of the stock is owned by institutional investors.

ATS Stock Performance

Shares of ATS opened at $26.88 on Friday. The business’s fifty day simple moving average is $31.52 and its two-hundred day simple moving average is $29.82. The company has a current ratio of 1.64, a quick ratio of 1.36 and a debt-to-equity ratio of 0.78. ATS has a 12 month low of $23.84 and a 12 month high of $35.82. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 51.69 and a beta of 1.20.

ATS (NYSE:ATS) last issued its earnings results on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). ATS had a net margin of 2.40% and a return on equity of 9.40%. The business had revenue of $535.09 million for the quarter, compared to analysts’ expectations of $529.43 million. Research analysts anticipate that ATS will post 1.5 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.