ATS Corporation (NYSE:ATS) Given Average Recommendation of "Hold" by Analysts

Key Points

• Analysts' consensus: ATS has an average rating of "Hold" from five firms (1 sell, 2 hold, 2 buy) with a mean 1-year target price of $35.00.
• Recent results: ATS reported $0.34 EPS (beating the $0.30 estimate) while revenue of $553.8M missed the $722.96M estimate, though revenue was up 16.7% year-over-year.
• Market position: The stock carries a $3.01B market cap, a 52-week range of $23.11–$33.01, a P/E of 204.33, and about 75.84% institutional ownership.

Shares of ATS Corporation (NYSE:ATS - Get Free Report) have been given a consensus rating of "Hold" by the five research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $35.00.

A number of equities analysts have weighed in on ATS shares. TD Securities reissued a "buy" rating on shares of ATS in a research report on Monday, January 26th. Scotiabank reissued an "outperform" rating on shares of ATS in a research report on Thursday, January 29th. JPMorgan Chase & Co. boosted their target price on ATS from $33.00 to $35.00 and gave the stock a "neutral" rating in a research report on Friday, January 16th. Wall Street Zen lowered ATS from a "strong-buy" rating to a "buy" rating in a research report on Sunday, February 15th. Finally, Zacks Research lowered ATS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 10th.

Institutional Investors Weigh In On ATS

Hedge funds and other institutional investors have recently made changes to their positions in the business. Smartleaf Asset Management LLC purchased a new stake in shares of ATS during the 4th quarter valued at about $29,000. Quarry LP purchased a new stake in shares of ATS during the 3rd quarter valued at about $32,000. Raymond James Financial Inc. purchased a new stake in shares of ATS during the 2nd 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. Finally, Barclays PLC increased its position in shares of ATS by 16.8% during the 4th quarter. Barclays PLC now owns 5,264 shares of the company's stock valued at $145,000 after purchasing an additional 756 shares during the last quarter. Hedge funds and other institutional investors own 75.84% of the company's stock.

ATS Price Performance

Shares of NYSE:ATS opened at $30.65 on Friday. ATS has a fifty-two week low of $23.11 and a fifty-two week high of $33.01. The business has a 50-day simple moving average of $30.33 and a two-hundred day simple moving average of $28.33. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 204.33 and a beta of 1.16.

ATS (NYSE:ATS - Get Free Report) last issued its earnings results on Wednesday, February 4th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.04. ATS had a return on equity of 9.67% and a net margin of 0.77%.The business had revenue of $553.81 million during the quarter, compared to analyst estimates of $722.96 million. During the same quarter in the previous year, the firm earned $0.32 EPS. ATS's revenue was up 16.7% on a year-over-year basis. On average, analysts expect that ATS will post 1.02 earnings per share for the current year.

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.

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