ATS (NYSE:ATS) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen cut shares of ATS (NYSE:ATS) from a strong-buy rating to a buy rating in a report issued on Sunday morning.

ATS has been the subject of a number of other reports. Zacks Research raised shares of ATS from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. boosted their price objective on ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. TD Securities restated a “buy” rating on shares of ATS in a research report on Monday, January 26th. Scotiabank reiterated an “outperform” rating on shares of ATS in a research report on Thursday, January 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ATS in a research note on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

ATS Trading Up 1.1%

NYSE:ATS opened at $31.18 on Friday. The firm has a market capitalization of $3.06 billion, a P/E ratio of 207.90 and a beta of 1.21. The business has a 50 day simple moving average of $28.80 and a 200 day simple moving average of $27.66. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.65 and a quick ratio of 1.37. ATS has a 12-month low of $20.90 and a 12-month high of $32.73.

ATS (NYSE:ATS) last posted its earnings results on Wednesday, February 4th. The company reported $0.34 earnings per share (EPS) 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 analysts’ expectations of $722.96 million. ATS had a return on equity of 9.67% and a net margin of 0.77%.The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. Equities research analysts predict that ATS will post 1.02 EPS for the current year.

Institutional Trading of ATS

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC bought a new position in ATS during the fourth quarter valued at about $29,000. Quarry LP bought a new position in shares of ATS during the 3rd quarter valued at about $32,000. Raymond James Financial Inc. bought a new position in shares of ATS during the 2nd quarter valued at about $43,000. State of Wyoming acquired a new position in shares of ATS in the 3rd quarter worth approximately $112,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of ATS in the 2nd quarter worth approximately $233,000. Institutional investors own 75.84% of the company’s stock.

ATS Company Profile

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.