ATS Corporation (ATS) – What Are Investment Firms Saying About This Stock?

ATS Corporation (NYSE:ATS) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $42.50.

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

ATS Stock Performance

Shares of ATS stock opened at $18.37 on Wednesday. ATS has a 12 month low of $17.15 and a 12 month high of $35.82. The company has a current ratio of 1.63, a quick ratio of 1.33 and a debt-to-equity ratio of 0.75. The stock has a market cap of $1.76 billion, a PE ratio of 54.03 and a beta of 1.14. The company’s fifty day moving average price is $18.82 and its 200-day moving average price is $26.61.

ATS (NYSE:ATS) last announced its earnings results on Thursday, August 6th. The company reported $0.25 earnings per share (EPS) 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 business had revenue of $488.38 million for the quarter, compared to analyst estimates of $509.71 million. During the same period in the prior year, the company earned $0.41 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, equities analysts expect that ATS will post 1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On ATS

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

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.