ATS Corporation (NYSE:ATS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of ATS Corporation (NYSE:ATSGet Free Report) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $42.50.

Several analysts have recently commented on the company. Scotiabank restated an “outperform” rating on shares of ATS in a report on Tuesday, April 28th. Royal Bank Of Canada decreased their target price on ATS from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday. Wall Street Zen cut ATS from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Weiss Ratings upgraded ATS from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, Zacks Research cut ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th.

Read Our Latest Analysis on ATS

ATS Price Performance

Shares of ATS stock opened at $30.93 on Friday. The stock’s fifty day moving average is $31.70 and its 200-day moving average is $29.76. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65. The stock has a market capitalization of $3.03 billion, a PE ratio of 59.48 and a beta of 1.26. ATS has a 52 week low of $23.84 and a 52 week high of $35.82.

ATS (NYSE:ATSGet Free Report) last announced its earnings results on Thursday, May 28th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.06). The business had revenue of $535.09 million for the quarter, compared to the consensus estimate of $529.43 million. ATS had a return on equity of 9.44% and a net margin of 2.40%. Equities research analysts expect that ATS will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On ATS

Several hedge funds have recently added to or reduced their stakes in ATS. Bank of Montreal Can boosted its holdings in ATS by 187.1% in the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock valued at $83,269,000 after acquiring an additional 1,970,040 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after acquiring an additional 1,435,375 shares during the last quarter. Norges Bank bought a new position in ATS in the fourth quarter valued at about $29,727,000. Alberta Investment Management Corp boosted its holdings in ATS by 217.5% in the fourth quarter. Alberta Investment Management Corp now owns 1,340,265 shares of the company’s stock valued at $36,918,000 after acquiring an additional 918,100 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in ATS by 8.9% in the fourth quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock valued at $210,529,000 after acquiring an additional 623,369 shares during the last quarter. Institutional investors own 75.84% of the company’s stock.

ATS News Summary

Here are the key news stories impacting ATS this week:

About ATS

(Get Free Report)

ATS Corporation (NYSE: ATS) is a Canada-based global provider of automation and energy solutions. Headquartered in Cambridge, Ontario, the company specializes in the design, engineering and manufacturing of custom automation and test systems, as well as fluid handling and control products. Since its founding in 1978, ATS has focused on delivering integrated hardware and software solutions that help original equipment manufacturers (OEMs) improve efficiency, quality and throughput across a range of industries.

Through its Automation segment, ATS develops bespoke assembly and testing platforms for sectors such as life sciences, consumer electronics, automotive and industrial equipment.

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Analyst Recommendations for ATS (NYSE:ATS)

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