ATS (NYSE:ATS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

ATS (NYSE:ATS) had its target price upped by research analysts at JPMorgan Chase & Co. from $33.00 to $35.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 14.17% from the company’s current price.

ATS has been the topic of several other reports. Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a report on Wednesday, October 8th. Scotiabank upgraded shares of ATS from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, November 5th. Finally, Zacks Research upgraded ATS from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ATS currently has an average rating of “Hold” and an average price target of $35.00.

ATS Trading Up 0.4%

Shares of ATS stock opened at $30.66 on Friday. ATS has a fifty-two week low of $20.90 and a fifty-two week high of $32.73. The business’s fifty day moving average is $27.25 and its two-hundred day moving average is $27.87. The company has a quick ratio of 1.34, a current ratio of 1.63 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3.01 billion, a PE ratio of -3,062.44 and a beta of 1.21.

ATS (NYSE:ATS) last released its earnings results on Wednesday, November 5th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. ATS had a positive return on equity of 8.82% and a negative net margin of 0.08%.The firm had revenue of $524.03 million during the quarter, compared to analyst estimates of $721.51 million. During the same period in the prior year, the firm posted $0.25 earnings per share. The business’s quarterly revenue was up 18.9% compared to the same quarter last year. Analysts anticipate that ATS will post 1.02 earnings per share for the current year.

Hedge Funds Weigh In On ATS

Several hedge funds and other institutional investors have recently made changes to their positions in ATS. Quarry LP acquired a new stake in ATS in the 3rd quarter valued at $32,000. Raymond James Financial Inc. acquired a new stake in shares of ATS in the second quarter valued at about $43,000. State of Wyoming purchased a new stake in shares of ATS during the 3rd quarter valued at about $112,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of ATS during the 2nd quarter valued at about $233,000. Finally, SkyView Investment Advisors LLC acquired a new position in ATS during the 2nd quarter worth approximately $237,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

About ATS

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.