ATS Corporation (NYSE:ATS) Receives $35.00 Consensus PT from Brokerages

ATS Corporation (NYSE:ATS) has received an average rating of “Hold” from the five analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $35.00.

ATS has been the topic of a number of research reports. Wall Street Zen lowered shares of ATS from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Zacks Research lowered ATS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Scotiabank reissued an “outperform” rating on shares of ATS in a research note on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of ATS in a report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. upped their target price on ATS from $33.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, January 16th.

ATS Stock Down 2.4%

Shares of ATS opened at $31.08 on Tuesday. The firm has a fifty day moving average price of $30.38 and a 200-day moving average price of $28.14. 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 firm has a market capitalization of $3.05 billion, a P/E ratio of 207.19 and a beta of 1.10. ATS has a 12-month low of $20.90 and a 12-month high of $33.01.

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

Institutional Trading of ATS

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in ATS by 8.9% during the 4th quarter. Royal Bank of Canada now owns 7,644,547 shares of the company’s stock worth $210,529,000 after acquiring an additional 623,369 shares in the last quarter. EdgePoint Investment Group Inc. raised its holdings in shares of ATS by 8.0% in the 4th quarter. EdgePoint Investment Group Inc. now owns 6,888,785 shares of the company’s stock valued at $189,771,000 after purchasing an additional 507,491 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of ATS by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 3,397,166 shares of the company’s stock worth $93,582,000 after purchasing an additional 55,731 shares during the period. Bank of Montreal Can boosted its stake in shares of ATS by 187.1% during the fourth quarter. Bank of Montreal Can now owns 3,022,693 shares of the company’s stock valued at $83,269,000 after purchasing an additional 1,970,040 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of ATS by 2.5% during the second quarter. Burgundy Asset Management Ltd. now owns 1,812,147 shares of the company’s stock valued at $57,687,000 after purchasing an additional 43,365 shares in the last quarter. 75.84% of the stock is currently owned by institutional investors.

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.