ATS Corporation (NYSE:ATS) Stock Has Consensus Price Target of $42.50 According to Brokerages

ATS Corporation (NYSE:ATS) has received a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $42.50.

A number of research analysts have recently weighed in on ATS shares. Wall Street Zen lowered ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Zacks Research upgraded ATS from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Weiss Ratings downgraded ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, September 25th. Finally, TD Securities cut ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ATS. The Manufacturers Life Insurance Company acquired a new stake in ATS during the second quarter worth $2,119,000. Bank of America Corp DE acquired a new stake in ATS during the 2nd quarter worth approximately $32,296,000. Polar Asset Management Partners Inc. purchased a new position in ATS in the second quarter valued at $3,028,000. Cibc World Market Inc. acquired a new position in shares of ATS during the second quarter worth about $9,420,000. Finally, Legal & General Group Plc purchased a new stake in shares of ATS during the 2nd quarter worth $30,403,000. Institutional investors own 75.84% of the company’s stock.

ATS Stock Down 0.3%

Shares of NYSE:ATS opened at $18.92 on Wednesday. The stock has a 50 day moving average price of $18.79 and a 200-day moving average price of $26.50. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. The firm has a market capitalization of $1.81 billion, a P/E ratio of 16.08 and a beta of 1.15. ATS has a 52-week low of $17.15 and a 52-week high of $35.82.

ATS (NYSE:ATS) last released its earnings results on Thursday, August 6th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.03). ATS had a return on equity of 8.96% and a net margin of 1.60%. The company had revenue of $488.38 million during the quarter, compared to the consensus estimate of $509.71 million. During the same period last year, the firm posted $0.41 earnings per share. The company’s revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that ATS will post 1.06 EPS for the current fiscal year.

ATS Company Profile

ATS Corporation is a Canadian automation solutions provider headquartered in Cambridge, Ontario. The company designs, builds and services automated manufacturing systems, production equipment and related technologies for manufacturers in a range of industries.

Its offerings include custom automation systems, assembly and test equipment, material-handling solutions, packaging systems, precision components and aftermarket services. ATS also provides automation software, controls, engineering, technical support and lifecycle services intended to improve production efficiency, quality and flexibility.

The company serves customers in sectors including life sciences, transportation, energy, consumer products and industrial manufacturing.