ATS (NYSE:ATS) Price Target Cut to $36.00 by Analysts at JPMorgan Chase & Co.

ATS (NYSE:ATS) had its price target cut by JPMorgan Chase & Co. from $38.00 to $36.00 in a research report report published on Wednesday, BayStreet.CA reports. They currently have a neutral rating on the stock.

Separately, Scotiabank upgraded ATS to a hold rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, ATS currently has a consensus rating of Hold and an average target price of $45.00.

ATS Price Performance

Shares of NYSE:ATS opened at $27.28 on Wednesday. The company has a current ratio of 1.70, a quick ratio of 1.42 and a debt-to-equity ratio of 0.75. The stock’s fifty day simple moving average is $31.39 and its two-hundred day simple moving average is $34.27. ATS has a 1-year low of $26.94 and a 1-year high of $45.38. The stock has a market cap of $2.67 billion, a PE ratio of 18.68 and a beta of 1.18.

ATS (NYSE:ATS) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.07. The business had revenue of $587.12 million for the quarter, compared to analyst estimates of $534.08 million. ATS had a return on equity of 15.97% and a net margin of 6.39%. As a group, analysts forecast that ATS will post 1.74 EPS for the current fiscal year.

Institutional Trading of ATS

Large investors have recently modified their holdings of the business. Van ECK Associates Corp lifted its position in ATS by 55.0% in the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock valued at $33,000 after acquiring an additional 271 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of ATS by 37.7% during the 1st quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock valued at $140,000 after buying an additional 1,140 shares in the last quarter. Steph & Co. boosted its holdings in ATS by 133.6% in the 1st quarter. Steph & Co. now owns 6,215 shares of the company’s stock worth $210,000 after buying an additional 3,554 shares during the period. Aigen Investment Management LP purchased a new stake in ATS in the 4th quarter worth $315,000. Finally, Hantz Financial Services Inc. bought a new stake in ATS during the second quarter valued at about $286,000. 75.84% of the stock is owned by institutional investors.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.