ATS Corporation (NYSE:ATS) Receives $35.00 Average PT from Analysts

Shares of ATS Corporation (NYSE:ATS) have received a consensus rating of “Moderate Buy” from the five research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.00.

Several brokerages have issued reports on ATS. Wall Street Zen lowered ATS from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. TD Securities reiterated a “buy” rating on shares of ATS in a research note on Monday, January 26th. Scotiabank reiterated an “outperform” rating on shares of ATS in a research report on Thursday, January 29th. JPMorgan Chase & Co. upped their target price on shares of ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of ATS in a research report on Wednesday, January 21st.

ATS Stock Performance

Shares of ATS stock opened at $32.84 on Friday. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 218.91 and a beta of 1.21. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 0.82. The business’s 50-day moving average price is $29.25 and its 200-day moving average price is $27.72. ATS has a 12 month low of $20.90 and a 12 month high of $33.01.

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

Institutional Investors Weigh In On ATS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aviso Financial Inc. increased its holdings in ATS by 0.9% during the second quarter. Aviso Financial Inc. now owns 50,653 shares of the company’s stock valued at $1,615,000 after buying an additional 452 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of ATS by 3.9% during the 4th quarter. Stifel Financial Corp now owns 12,593 shares of the company’s stock valued at $347,000 after buying an additional 467 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in ATS by 3.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 16,006 shares of the company’s stock worth $442,000 after buying an additional 468 shares during the period. Van Berkom & Associates Inc. boosted its holdings in ATS by 0.3% in the 3rd quarter. Van Berkom & Associates Inc. now owns 269,994 shares of the company’s stock worth $7,062,000 after buying an additional 734 shares during the period. Finally, Barclays PLC increased its stake in ATS by 16.8% in the 4th quarter. Barclays PLC now owns 5,264 shares of the company’s stock worth $145,000 after buying an additional 756 shares in the last quarter. 75.84% of the stock is owned by hedge funds and other institutional investors.

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.