JPMorgan Chase & Co. Lowers ATS (NYSE:ATS) Price Target to $31.00

ATS (NYSE:ATS) had its price target decreased by JPMorgan Chase & Co. from $36.00 to $31.00 in a research report sent to investors on Tuesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Scotiabank upgraded shares of ATS to a hold rating in a research report on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $42.00.

ATS Trading Up 0.2 %

Shares of ATS stock opened at $26.86 on Tuesday. ATS has a 12-month low of $26.44 and a 12-month high of $45.38. 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 firm’s 50 day moving average is $30.95 and its 200 day moving average is $33.81. The stock has a market capitalization of $2.63 billion, a P/E ratio of 18.40 and a beta of 1.18.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in ATS by 55.0% in the fourth quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock worth $33,000 after acquiring an additional 271 shares during the period. Bessemer Group Inc. raised its position 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 purchasing an additional 1,140 shares during the period. Steph & Co. raised its position in shares of ATS by 133.6% during the 1st quarter. Steph & Co. now owns 6,215 shares of the company’s stock valued at $210,000 after purchasing an additional 3,554 shares during the period. Aigen Investment Management LP bought a new stake in shares of ATS during the 4th quarter valued at $315,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of ATS during the 2nd quarter valued at $286,000. 75.84% of the stock is currently 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.