ATS (NYSE:ATS) Upgraded at Zacks Research

Zacks Research upgraded shares of ATS (NYSE:ATS) from a hold rating to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

ATS has been the topic of a number of other research reports. Scotiabank reaffirmed an “outperform” rating on shares of ATS in a report on Thursday, January 29th. TD Securities restated a “buy” rating on shares of ATS in a research report on Monday, January 26th. JPMorgan Chase & Co. increased their price target on shares of ATS from $33.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, January 16th. Wall Street Zen upgraded shares of ATS from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of ATS in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

ATS Trading Down 1.8%

NYSE ATS opened at $30.73 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.01 billion, a P/E ratio of 204.85 and a beta of 1.21. ATS has a 52-week low of $20.90 and a 52-week high of $32.73. The firm has a 50-day moving average price of $28.63 and a 200 day moving average price of $27.69.

ATS (NYSE:ATS) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.04. The company had revenue of $553.81 million for the quarter, compared to analyst estimates of $722.96 million. ATS had a return on equity of 9.67% and a net margin of 0.77%.The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. Equities research analysts expect that ATS will post 1.02 EPS for the current year.

Institutional Trading of ATS

Several institutional investors and hedge funds have recently modified their holdings of ATS. Quarry LP purchased a new position in shares of ATS during the 3rd quarter worth approximately $32,000. Raymond James Financial Inc. acquired a new stake in ATS during the 2nd quarter valued at $43,000. State of Wyoming purchased a new position in ATS during the third quarter worth $112,000. Vanguard Personalized Indexing Management LLC purchased a new position in ATS during the second quarter worth $233,000. Finally, SkyView Investment Advisors LLC acquired a new position in shares of ATS in the second quarter worth $237,000. Hedge funds and other institutional investors 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.