ATS (NYSE:ATS) PT Lowered to $30.00 at The Goldman Sachs Group

ATS (NYSE:ATS) had its price objective decreased by The Goldman Sachs Group from $34.00 to $30.00 in a report issued on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

ATS has been the subject of several other reports. JPMorgan Chase & Co. reduced their price target on ATS from $36.00 to $31.00 and set a neutral rating for the company in a report on Tuesday. Scotiabank raised shares of ATS to a hold rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, ATS has a consensus rating of Hold and a consensus price target of $42.00.

ATS Stock Down 0.6 %

ATS stock opened at $26.69 on Tuesday. The company has a 50 day moving average of $30.82 and a two-hundred day moving average of $33.69. The company has a market cap of $2.61 billion, a price-to-earnings ratio of 18.28 and a beta of 1.18. ATS has a 12-month low of $26.44 and a 12-month high of $45.38. The company has a quick ratio of 1.42, a current ratio of 1.70 and a debt-to-equity ratio of 0.75.

ATS (NYSE:ATS) last announced its quarterly earnings data 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 return on equity of 15.97% and a net margin of 6.39%. The business had revenue of $587.12 million during the quarter, compared to analyst estimates of $534.08 million. On average, equities analysts anticipate that ATS will post 1.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ATS

Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its holdings in shares of ATS by 55.0% during the 4th quarter. Van ECK Associates Corp now owns 764 shares of the company’s stock worth $33,000 after buying an additional 271 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ATS by 4.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,457 shares of the company’s stock valued at $565,000 after acquiring an additional 804 shares during the period. Swiss National Bank grew its position in shares of ATS by 0.5% in the first quarter. Swiss National Bank now owns 167,400 shares of the company’s stock valued at $5,631,000 after purchasing an additional 900 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of ATS by 37.7% in the first quarter. Bessemer Group Inc. now owns 4,164 shares of the company’s stock worth $140,000 after purchasing an additional 1,140 shares during the period. Finally, Thornburg Investment Management Inc. lifted its position in shares of ATS by 1.0% during the 1st quarter. Thornburg Investment Management Inc. now owns 178,450 shares of the company’s stock worth $5,471,000 after purchasing an additional 1,821 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

ATS Company Profile

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.