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

Key Points

• Analysts have an average rating of "Hold" on ATS, based on five firms (1 sell, 2 hold, 2 buy), with a consensus 12‑month price target of $35.00.
• Institutional ownership is strong at 75.84%, with large investors like Vanguard, Principal and CIBC significantly increasing their stakes in recent quarters.
• In the most recent quarter ATS beat EPS estimates ($0.34 vs. $0.30) but missed revenue expectations, and the stock trades near its one‑year high with a market cap of ~$3.36B and a P/E of 228.6.

Shares of ATS Corporation (NYSE:ATS - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $35.00.

ATS has been the topic of a number of analyst reports. Scotiabank reiterated an "outperform" rating on shares of ATS in a report on Tuesday, April 28th. Zacks Research cut ATS from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 10th. Wall Street Zen cut ATS from a "strong-buy" rating to a "buy" rating in a report on Sunday, February 15th. TD Securities reiterated a "buy" rating on shares of ATS in a report on Monday, January 26th. Finally, JPMorgan Chase & Co. increased their target price on ATS from $33.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, January 16th.

Institutional Investors Weigh In On ATS

Large investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in shares of ATS by 11.6% during the third quarter. Principal Financial Group Inc. now owns 874,140 shares of the company's stock worth $22,874,000 after purchasing an additional 90,700 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in shares of ATS by 69.2% during the third quarter. CIBC Asset Management Inc now owns 134,854 shares of the company's stock worth $3,524,000 after purchasing an additional 55,151 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in shares of ATS by 34.5% during the third quarter. Granite Investment Partners LLC now owns 205,847 shares of the company's stock worth $5,393,000 after purchasing an additional 52,807 shares during the last quarter. Bastion Asset Management Inc. acquired a new stake in shares of ATS during the third quarter worth $1,904,000. Finally, Vanguard Group Inc. boosted its holdings in shares of ATS by 2.1% during the third quarter. Vanguard Group Inc. now owns 3,341,435 shares of the company's stock worth $87,419,000 after purchasing an additional 69,334 shares during the last quarter. Institutional investors and hedge funds own 75.84% of the company's stock.

ATS Price Performance

Shares of NYSE:ATS opened at $34.28 on Wednesday. The business's fifty day moving average price is $30.89 and its two-hundred day moving average price is $29.00. The stock has a market cap of $3.36 billion, a PE ratio of 228.58 and a beta of 1.26. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.37 and a current ratio of 1.65. ATS has a one year low of $23.84 and a one year high of $34.46.

ATS (NYSE:ATS - Get Free Report) last announced its earnings results on Wednesday, February 4th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.04. The firm 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%.ATS's quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS. On average, analysts forecast that ATS will post 1.26 EPS for the current fiscal year.

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.

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